Personal Capital Advisors Corp increased its stake in shares of Kinder Morgan (NYSE:KMI) by 61.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,074,008 shares of the pipeline company’s stock after purchasing an additional 788,047 shares during the quarter. Personal Capital Advisors Corp owned 0.09% of Kinder Morgan worth $31,235,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mcrae Capital Management Inc. grew its stake in Kinder Morgan by 43.6% during the 1st quarter. Mcrae Capital Management Inc. now owns 165,889 shares of the pipeline company’s stock worth $2,498,000 after purchasing an additional 50,400 shares in the last quarter. Anchor Capital Advisors LLC acquired a new position in Kinder Morgan during the 1st quarter worth $1,174,000. KBC Group NV grew its stake in Kinder Morgan by 3.9% during the 1st quarter. KBC Group NV now owns 165,869 shares of the pipeline company’s stock worth $2,498,000 after purchasing an additional 6,237 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in Kinder Morgan during the 1st quarter worth $38,882,000. Finally, Private Advisor Group LLC grew its stake in Kinder Morgan by 92.9% during the 1st quarter. Private Advisor Group LLC now owns 182,371 shares of the pipeline company’s stock worth $2,746,000 after purchasing an additional 87,816 shares in the last quarter. 61.82% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan opened at $15.98 on Tuesday, Marketbeat reports. Kinder Morgan has a fifty-two week low of $14.69 and a fifty-two week high of $21.25. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $35.45 billion, a PE ratio of 24.21, a PEG ratio of 1.77 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Kinder Morgan had a return on equity of 4.57% and a net margin of 1.95%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the previous year, the business earned $0.17 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. equities research analysts expect that Kinder Morgan will post 0.87 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a $0.20 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.13. This represents a $0.80 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, April 27th. Kinder Morgan’s payout ratio is presently 121.21%.
KMI has been the subject of several analyst reports. Credit Suisse Group set a $22.00 target price on Kinder Morgan and gave the stock a “buy” rating in a research note on Monday, February 12th. Argus raised 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. Royal Bank of Canada decreased their price target on Kinder Morgan to $19.00 and set a “buy” rating for the company in a report on Tuesday, April 10th. They noted that the move was a valuation call. Citigroup raised Kinder Morgan from a “neutral” rating to a “buy” rating in a report on Tuesday, March 27th. Finally, Bank of America raised Kinder Morgan from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $15.61 to $20.00 in a report on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.32.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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