Brooklyn Investment Group Makes New $170,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Brooklyn Investment Group acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,696 shares of the pipeline company’s stock, valued at approximately $170,000.

A number of other large investors also recently modified their holdings of KMI. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the third quarter valued at approximately $28,000. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan during the first quarter valued at about $30,000. HWG Holdings LP purchased a new position in Kinder Morgan during the 2nd quarter valued at about $30,000. Planning Capital Management Corp raised its position in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. 12.81% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research reports. UBS Group lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group increased their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada lifted their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $25.67.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $28.07 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average price is $24.95 and its 200-day moving average price is $22.01. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.81. The company has a market cap of $62.36 billion, a PE ratio of 24.62, a PEG ratio of 4.01 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.10%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is 100.88%.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.