Kinder Morgan Sees Unusually High Options Volume (KMI)

Kinder Morgan Inc (NYSE:KMI) saw unusually large options trading activity on Friday. Investors purchased 8,594 put options on the company. This represents an increase of approximately 263% compared to the average volume of 2,367 put options.

KMI has been the topic of several research analyst reports. Vetr cut shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $24.92 target price on the stock. in a research note on Tuesday, January 24th. US Capital Advisors raised shares of Kinder Morgan from a “hold” rating to an “overweight” rating in a research report on Wednesday, March 15th. Royal Bank of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of Kinder Morgan in a research report on Friday, March 17th. Macquarie started coverage on Kinder Morgan in a research note on Friday, April 21st. They issued a “neutral” rating and a $21.00 price target for the company. Finally, Credit Suisse Group AG set a $27.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, April 20th. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $24.04.

Several large investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its stake in shares of Kinder Morgan by 4.5% in the third quarter. Great West Life Assurance Co. Can now owns 2,053,365 shares of the pipeline company’s stock worth $47,474,000 after buying an additional 89,072 shares in the last quarter. Regal Investment Advisors LLC boosted its position in shares of Kinder Morgan by 11.5% in the third quarter. Regal Investment Advisors LLC now owns 21,952 shares of the pipeline company’s stock worth $508,000 after buying an additional 2,261 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Kinder Morgan by 3.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 292,964 shares of the pipeline company’s stock worth $6,776,000 after buying an additional 9,849 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Kinder Morgan during the third quarter worth $5,039,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Kinder Morgan by 4.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,553,737 shares of the pipeline company’s stock worth $128,458,000 after buying an additional 251,982 shares during the last quarter. 55.78% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 19th. The pipeline company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.36 billion. Kinder Morgan had a net margin of 5.12% and a return on equity of 4.20%. Kinder Morgan’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 1st were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date was Thursday, April 27th. Kinder Morgan’s dividend payout ratio is currently 200.00%.

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Kinder Morgan Company Profile

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.

12 Month Chart for NYSE:KMI

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