Investors Buy Large Volume of Kinder Morgan Call Options (KMI)

Kinder Morgan, Inc. (NYSE:KMI) was the recipient of unusually large options trading on Wednesday. Traders purchased 465 call options on the stock. This represents an increase of approximately 122% compared to the average volume of 209 call options.

Several institutional investors have recently modified their holdings of KMI. Commonwealth Bank of Australia grew its position in Kinder Morgan by 45.9% during the second quarter. Commonwealth Bank of Australia now owns 19,733,993 shares of the pipeline company’s stock valued at $378,101,000 after buying an additional 6,205,165 shares during the period. Renaissance Technologies LLC grew its position in shares of Kinder Morgan by 133.5% in the second quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock valued at $157,311,000 after purchasing an additional 4,694,441 shares during the period. Eagle Global Advisors LLC grew its position in shares of 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 valued at $124,305,000 after purchasing an additional 2,295,410 shares during the period. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $228,029,000 after purchasing an additional 2,217,905 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of 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 valued at $185,495,000 after purchasing an additional 2,182,985 shares during the period. 59.03% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on KMI. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a research report on Saturday, July 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, July 28th. Mizuho initiated coverage on Kinder Morgan in a research note on Thursday, July 27th. They set a “neutral” rating and a $22.00 price objective on the stock. Zacks Investment Research raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Kinder Morgan in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.97.

Kinder Morgan (NYSE:KMI) opened at $17.01 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. Kinder Morgan has a one year low of $16.70 and a one year high of $23.01. The stock has a market cap of $37,590.00, a P/E ratio of 26.82, a PEG ratio of 1.35 and a beta of 0.65.

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

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

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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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