Virtus ETF Advisers LLC increased its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 181.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 168,795 shares of the pipeline company’s stock after buying an additional 108,804 shares during the period. Kinder Morgan makes up 0.4% of Virtus ETF Advisers LLC’s portfolio, making the stock its 25th largest position. Virtus ETF Advisers LLC’s holdings in Kinder Morgan were worth $2,596,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the stock. Whitnell & Co. boosted its holdings in shares of Kinder Morgan by 1,697.2% during the fourth quarter. Whitnell & Co. now owns 17,900 shares of the pipeline company’s stock worth $275,000 after acquiring an additional 16,904 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Kinder Morgan by 21.7% during the fourth quarter. Parallel Advisors LLC now owns 5,898 shares of the pipeline company’s stock worth $90,000 after acquiring an additional 1,050 shares during the period. Levin Capital Strategies L.P. boosted its holdings in shares of Kinder Morgan by 174.1% during the fourth quarter. Levin Capital Strategies L.P. now owns 867,518 shares of the pipeline company’s stock worth $13,342,000 after acquiring an additional 551,056 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Kinder Morgan by 9.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 210,239 shares of the pipeline company’s stock worth $3,233,000 after acquiring an additional 18,071 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Kinder Morgan by 3.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 74,522 shares of the pipeline company’s stock worth $1,146,000 after acquiring an additional 2,600 shares during the period. Institutional investors and hedge funds own 61.17% of the company’s stock.
Several brokerages recently issued reports on KMI. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, October 24th. Wolfe Research cut Kinder Morgan from a “market perform” rating to an “underperform” rating in a research note on Monday, November 26th. Mizuho began coverage on Kinder Morgan in a research note on Wednesday, November 28th. They issued a “buy” rating and a $22.00 price target for the company. Jefferies Financial Group upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Finally, TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a research note on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Kinder Morgan presently has a consensus rating of “Buy” and an average target price of $21.08.
KMI traded up $0.12 during trading on Tuesday, hitting $18.39. 4,850,670 shares of the stock traded hands, compared to its average volume of 16,192,653. Kinder Morgan Inc has a twelve month low of $14.62 and a twelve month high of $18.67. The company has a market cap of $39.64 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.41 and a beta of 0.89. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.76 and a quick ratio of 0.98.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. On average, analysts expect that Kinder Morgan Inc will post 1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $0.80 annualized dividend and a yield of 4.35%. Kinder Morgan’s dividend payout ratio is currently 89.89%.
In related news, Chairman Richard D. Kinder purchased 100,000 shares of the stock in a transaction dated Thursday, January 31st. The stock was bought at an average cost of $18.05 per share, for a total transaction of $1,805,000.00. Following the completion of the acquisition, the chairman now owns 235,427,613 shares of the company’s stock, valued at $4,249,468,414.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Richard D. Kinder purchased 50,000 shares of the stock in a transaction dated Tuesday, January 29th. The shares were bought at an average price of $17.92 per share, with a total value of $896,000.00. Following the completion of the acquisition, the insider now directly owns 235,262,353 shares of the company’s stock, valued at approximately $4,215,901,365.76. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 700,000 shares of company stock valued at $12,643,500. Company insiders own 14.16% of the company’s stock.
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Kinder Morgan Company Profile
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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