Alps Advisors Inc. lessened its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483,779 shares of the pipeline company’s stock after selling 7,208 shares during the quarter. Alps Advisors Inc.’s holdings in Kinder Morgan were worth $9,970,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Ingalls & Snyder LLC lifted its position in shares of Kinder Morgan by 12.3% during the 2nd quarter. Ingalls & Snyder LLC now owns 114,793 shares of the pipeline company’s stock worth $2,397,000 after buying an additional 12,569 shares during the last quarter. Chesapeake Wealth Management acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at $810,000. Lee Financial Co increased its holdings in shares of Kinder Morgan by 1.1% in the 2nd quarter. Lee Financial Co now owns 75,678 shares of the pipeline company’s stock valued at $1,580,000 after acquiring an additional 812 shares during the period. Contravisory Investment Management Inc. increased its holdings in shares of Kinder Morgan by 22.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 4,128 shares of the pipeline company’s stock valued at $85,000 after acquiring an additional 765 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Kinder Morgan by 9.5% in the 2nd quarter. Jennison Associates LLC now owns 3,091,779 shares of the pipeline company’s stock valued at $64,556,000 after acquiring an additional 268,800 shares during the period. Institutional investors and hedge funds own 61.98% of the company’s stock.
Shares of KMI opened at $20.03 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.29 and a current ratio of 0.35. The stock has a market capitalization of $46.48 billion, a P/E ratio of 22.51, a P/E/G ratio of 4.29 and a beta of 0.80. The company’s fifty day moving average is $20.36 and its two-hundred day moving average is $20.39. Kinder Morgan Inc has a 1 year low of $14.62 and a 1 year high of $21.50.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.51 billion. Kinder Morgan had a net margin of 15.21% and a return on equity of 6.25%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. Sell-side analysts predict that Kinder Morgan Inc will post 0.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.00 annualized dividend and a yield of 4.99%. Kinder Morgan’s dividend payout ratio is currently 112.36%.
A number of equities analysts have recently commented on KMI shares. TD Securities started coverage on shares of Kinder Morgan in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price on the stock. BMO Capital Markets cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 target price on the stock. in a report on Monday, July 29th. Scotia Howard Weill started coverage on shares of Kinder Morgan in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 target price on the stock. ValuEngine cut shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Scotiabank started coverage on shares of Kinder Morgan in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Kinder Morgan presently has a consensus rating of “Hold” and an average target price of $21.98.
In other news, Director Deborah Macdonald acquired 5,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $19.91 per share, with a total value of $99,550.00. Following the purchase, the director now owns 30,328 shares of the company’s stock, valued at approximately $603,830.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder acquired 300,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was purchased at an average cost of $20.17 per share, for a total transaction of $6,051,000.00. Following the completion of the purchase, the chairman now directly owns 242,179,496 shares in the company, valued at approximately $4,884,760,434.32. The disclosure for this purchase can be found here. Insiders acquired a total of 1,305,000 shares of company stock worth $26,061,550 over the last three months. 13.95% of the stock is currently owned by corporate insiders.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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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