Guggenheim Capital LLC increased its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,183,589 shares of the pipeline company’s stock after acquiring an additional 857,942 shares during the quarter. Guggenheim Capital LLC owned approximately 0.14% of Kinder Morgan worth $57,527,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in Kinder Morgan by 2.6% during the fourth quarter. Franklin Resources Inc. now owns 41,606,868 shares of the pipeline company’s stock worth $752,033,000 after acquiring an additional 1,044,432 shares during the period. Geode Capital Management LLC lifted its holdings in Kinder Morgan by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 19,319,338 shares of the pipeline company’s stock worth $348,322,000 after acquiring an additional 513,245 shares during the period. Bank of New York Mellon Corp lifted its holdings in Kinder Morgan by 5.2% during the fourth quarter. Bank of New York Mellon Corp now owns 16,214,448 shares of the pipeline company’s stock worth $292,995,000 after acquiring an additional 800,229 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kinder Morgan by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock worth $267,575,000 after acquiring an additional 2,048,560 shares during the period. Finally, Tortoise Capital Advisors L.L.C. lifted its holdings in Kinder Morgan by 11.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock worth $266,767,000 after acquiring an additional 1,373,610 shares during the period. Institutional investors and hedge funds own 62.63% of the company’s stock.
A number of analysts recently commented on KMI shares. Royal Bank of Canada reiterated a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a report on Wednesday, November 15th. Morgan Stanley decreased their target price on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. Credit Suisse Group initiated coverage on Kinder Morgan in a research report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 target price for the company. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Finally, Bank of America initiated coverage on Kinder Morgan in a research report on Tuesday, January 9th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Kinder Morgan has a consensus rating of “Hold” and a consensus price target of $22.50.
In related news, Director William A. Smith purchased 5,500 shares of Kinder Morgan stock in a transaction dated Monday, January 22nd. The stock was bought at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the transaction, the director now owns 14,587 shares in the company, valued at $284,738.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.99% of the stock is currently owned by insiders.
Kinder Morgan Inc (NYSE:KMI) opened at $16.42 on Thursday. The firm has a market capitalization of $36,400.11, a price-to-earnings ratio of 24.63, a PEG ratio of 1.68 and a beta of 0.62. Kinder Morgan Inc has a 52-week low of $15.86 and a 52-week high of $21.92. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion during 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 firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. analysts anticipate that Kinder Morgan Inc will post 0.85 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.
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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