HBK Investments L P decreased its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 61.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 439,300 shares of the pipeline company’s stock after selling 692,791 shares during the quarter. HBK Investments L P’s holdings in Kinder Morgan were worth $7,938,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. HPM Partners LLC increased its stake in shares of Kinder Morgan by 326.9% in the fourth quarter. HPM Partners LLC now owns 102,673 shares of the pipeline company’s stock valued at $1,855,000 after buying an additional 78,620 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $435,000. Guggenheim Capital LLC increased its stake in shares of Kinder Morgan by 36.9% in the fourth quarter. Guggenheim Capital LLC now owns 3,183,589 shares of the pipeline company’s stock valued at $57,527,000 after buying an additional 857,942 shares during the period. Clearbridge LLC increased its stake in shares of Kinder Morgan by 106.4% in the fourth quarter. Clearbridge LLC now owns 4,939,820 shares of the pipeline company’s stock valued at $89,263,000 after buying an additional 2,546,130 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Kinder Morgan by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 41,606,868 shares of the pipeline company’s stock valued at $752,033,000 after buying an additional 1,044,432 shares during the period. 62.63% of the stock is owned by institutional investors.
KMI has been the subject of several recent research reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a research note on Wednesday, November 15th. Morgan Stanley lowered their price objective on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Credit Suisse Group initiated coverage on Kinder Morgan in a research note on Thursday, January 4th. They issued an “outperform” rating and a $23.00 price objective for the company. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Finally, Bank of America initiated coverage on Kinder Morgan in a research note on Tuesday, January 9th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.50.
In other Kinder Morgan news, Director William A. Smith purchased 5,500 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were purchased at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the acquisition, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.99% of the stock is currently owned by corporate insiders.
Shares of Kinder Morgan Inc (NYSE KMI) opened at $16.50 on Wednesday. The company has a market capitalization of $36,890.00, a P/E ratio of -30.56, a P/E/G ratio of 1.69 and a beta of 0.62. Kinder Morgan Inc has a twelve month low of $15.86 and a twelve month high of $21.92. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. 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 business earned $0.08 EPS. equities analysts predict that Kinder Morgan Inc will post 0.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s payout ratio is -92.59%.
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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.
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