Chicago Partners Investment Group LLC raised its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 69.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 751,181 shares of the pipeline company’s stock after purchasing an additional 308,478 shares during the period. Kinder Morgan accounts for about 2.5% of Chicago Partners Investment Group LLC’s investment portfolio, making the stock its 8th biggest holding. Chicago Partners Investment Group LLC’s holdings in Kinder Morgan were worth $14,408,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its holdings in Kinder Morgan by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,336,109 shares of the pipeline company’s stock valued at $25,627,000 after purchasing an additional 6,249 shares during the period. Wealthsource Partners LLC grew its stake in Kinder Morgan by 45.0% in the third quarter. Wealthsource Partners LLC now owns 14,542 shares of the pipeline company’s stock worth $279,000 after purchasing an additional 4,510 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its position in Kinder Morgan by 11.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after acquiring an additional 1,373,610 shares in the last quarter. Truepoint Inc. boosted its position in Kinder Morgan by 1,851.1% during the 3rd quarter. Truepoint Inc. now owns 466,975 shares of the pipeline company’s stock valued at $467,000 after acquiring an additional 443,041 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in Kinder Morgan during the 3rd quarter valued at $398,000. 60.88% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Inc (NYSE KMI) traded up $0.19 during trading hours on Friday, hitting $18.03. The stock had a trading volume of 5,892,556 shares, compared to its average volume of 11,640,064. Kinder Morgan Inc has a 52-week low of $16.68 and a 52-week high of $23.01. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.42 and a quick ratio of 0.35. The firm has a market cap of $39,863.34, a PE ratio of 27.46, a PEG ratio of 1.39 and a beta of 0.62.
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 return on equity of 4.33% and a net margin of 10.39%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.21 billion. During the same period last year, the firm earned ($0.10) EPS. The company’s quarterly revenue was down 1.5% on a year-over-year basis. equities research analysts expect that Kinder Morgan Inc will post 0.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.29%.
In other news, VP Thomas A. Martin acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average cost of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.99% of the stock is owned by company insiders.
Several analysts have issued reports on the company. Morgan Stanley dropped their target price on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Royal Bank of Canada reaffirmed a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a research report on Wednesday, November 15th. Stifel Nicolaus dropped their target price on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, October 24th. Mizuho reaffirmed a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a research report on Friday, October 20th. Finally, SunTrust Banks set a $23.00 target price on Kinder Morgan and gave the company a “buy” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. Kinder Morgan presently has a consensus rating of “Hold” and a consensus target price of $22.97.
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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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