Caz Investments LP Decreases Stake in Kinder Morgan Inc (KMI)

Caz Investments LP trimmed its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 67.2% in the 4th quarter, Holdings Channel reports. The firm owned 13,900 shares of the pipeline company’s stock after selling 28,490 shares during the period. Kinder Morgan accounts for approximately 0.6% of Caz Investments LP’s holdings, making the stock its 29th biggest position. Caz Investments LP’s holdings in Kinder Morgan were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $227,000. Wedbush Securities Inc. raised its holdings in shares of Kinder Morgan by 8.2% during the fourth quarter. Wedbush Securities Inc. now owns 67,644 shares of the pipeline company’s stock valued at $1,222,000 after purchasing an additional 5,113 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Kinder Morgan by 192.3% during the fourth quarter. Valeo Financial Advisors LLC now owns 15,821 shares of the pipeline company’s stock valued at $286,000 after purchasing an additional 10,409 shares during the last quarter. Ferris Capital LLC raised its holdings in shares of Kinder Morgan by 30.7% during the fourth quarter. Ferris Capital LLC now owns 22,583 shares of the pipeline company’s stock valued at $408,000 after purchasing an additional 5,299 shares during the last quarter. Finally, Taylor Hoffman Wealth Management purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $165,000. 60.42% of the stock is owned by hedge funds and other institutional investors.

Shares of Kinder Morgan Inc (KMI) opened at $17.06 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35. The stock has a market cap of $37,640.00, a price-to-earnings ratio of 1,706.00, a PEG ratio of 1.16 and a beta of 0.56. Kinder Morgan Inc has a 52 week low of $16.56 and a 52 week high of $22.10.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share. research analysts anticipate that Kinder Morgan Inc will post 0.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.93%. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.

KMI has been the subject of several research reports. Credit Suisse Group set a $22.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a report on Monday, February 12th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Stifel Nicolaus decreased their price objective on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a report on Wednesday, November 15th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. Kinder Morgan presently has a consensus rating of “Hold” and an average target price of $22.50.

In other news, Director William A. Smith acquired 5,500 shares of Kinder Morgan stock in a transaction dated Monday, January 22nd. The stock was purchased at an average cost of $19.52 per share, with a total value of $107,360.00. Following the completion of the purchase, the director now directly owns 14,587 shares in the company, valued at approximately $284,738.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas A. Martin acquired 3,000 shares of Kinder Morgan stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average cost of $17.10 per share, with a total value of $51,300.00. The disclosure for this purchase can be found here. Corporate insiders own 13.99% of the company’s stock.

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Kinder Morgan 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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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