Mosaic Family Wealth LLC trimmed its position in Kinder Morgan Inc (NYSE:KMI) by 34.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,283 shares of the pipeline company’s stock after selling 8,440 shares during the quarter. Mosaic Family Wealth LLC’s holdings in Kinder Morgan were worth $294,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Welch Investments LLC acquired a new position in Kinder Morgan in the third quarter valued at $102,000. Valeo Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the third quarter worth about $104,000. Sit Investment Associates Inc. increased its position in shares of Kinder Morgan by 237.1% during the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after acquiring an additional 4,730 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth about $126,000. Finally, Goodman Financial Corp bought a new stake in Kinder Morgan in the 4th quarter worth about $126,000. 62.63% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on KMI. JPMorgan Chase & Co. dropped their target price on shares of Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Monday, February 12th. Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. ValuEngine cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. 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. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a report on Tuesday, January 9th. They issued a “neutral” rating on the stock. 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 an average target price of $22.50.
Kinder Morgan Inc (KMI) traded down $0.08 during trading hours on Wednesday, hitting $16.42. 9,660,000 shares of the stock traded hands, compared to its average volume of 14,950,000. Kinder Morgan Inc has a 12-month low of $15.86 and a 12-month high of $21.92. The stock has a market cap of $36,220.00, a PE ratio of -30.41, a price-to-earnings-growth ratio of 1.69 and a beta of 0.62. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.37 and a current ratio of 0.44.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the company posted $0.08 EPS. Kinder Morgan’s revenue was up 7.2% on a year-over-year basis. equities research analysts expect that Kinder Morgan Inc will post 0.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a yield of 3.05%. Kinder Morgan’s dividend payout ratio (DPR) is currently -92.59%.
In other news, Director William A. Smith acquired 5,500 shares of Kinder Morgan stock in a transaction on Monday, January 22nd. The stock was acquired at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the purchase, the director now owns 14,587 shares in the company, valued at $284,738.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.99% of the company’s stock.
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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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