Kinder Morgan Sees Unusually High Options Volume (KMI)

Kinder Morgan, Inc. (NYSE:KMI) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 465 call options on the company. This represents an increase of approximately 122% compared to the typical volume of 209 call options.

KMI has been the subject of a number of analyst reports. Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Mizuho initiated coverage on Kinder Morgan in a report on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price target for the company. BMO Capital Markets restated a “buy” rating and issued a $26.00 price target on shares of Kinder Morgan in a report on Friday, July 28th. BidaskClub cut Kinder Morgan from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Finally, Stifel Nicolaus set a $25.00 price target on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.97.

Shares of Kinder Morgan (NYSE:KMI) opened at $17.01 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. The stock has a market capitalization of $37,987.41, a P/E ratio of 26.17, a P/E/G ratio of 1.32 and a beta of 0.65. Kinder Morgan has a 52-week low of $16.70 and a 52-week high of $23.01.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) EPS. research analysts predict that Kinder Morgan will post 0.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s dividend payout ratio is currently 89.29%.

Several hedge funds have recently bought and sold shares of KMI. Commonwealth Bank of Australia raised its position in shares of Kinder Morgan by 45.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock valued at $378,101,000 after acquiring an additional 6,205,165 shares in the last quarter. Renaissance Technologies LLC increased its position in Kinder Morgan by 133.5% in the second quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock worth $157,311,000 after buying an additional 4,694,441 shares during the period. Eagle Global Advisors LLC increased its position in Kinder Morgan by 54.8% in the second quarter. Eagle Global Advisors LLC now owns 6,487,737 shares of the pipeline company’s stock worth $124,305,000 after buying an additional 2,295,410 shares during the period. Dimensional Fund Advisors LP increased its position in Kinder Morgan by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock worth $228,029,000 after buying an additional 2,217,905 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Kinder Morgan by 29.1% in the second quarter. Russell Investments Group Ltd. now owns 9,683,478 shares of the pipeline company’s stock worth $185,495,000 after buying an additional 2,182,985 shares during the period. 59.79% of the stock is currently owned by institutional investors and hedge funds.

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About Kinder Morgan

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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