10 15 Associates Inc. raised its stake in Kinder Morgan Inc (NYSE:KMI) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,896 shares of the pipeline company’s stock after buying an additional 888 shares during the quarter. 10 15 Associates Inc.’s holdings in Kinder Morgan were worth $2,623,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC increased its holdings in shares of Kinder Morgan by 22.6% in the fourth quarter. Simon Quick Advisors LLC now owns 2,574 shares of the pipeline company’s stock worth $54,000 after acquiring an additional 474 shares in the last quarter. Gilbert & Cook Inc. boosted its position in Kinder Morgan by 4.8% during the third quarter. Gilbert & Cook Inc. now owns 10,744 shares of the pipeline company’s stock valued at $221,000 after purchasing an additional 494 shares during the last quarter. Citizens Financial Group Inc RI boosted its position in Kinder Morgan by 35.4% during the third quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock valued at $39,000 after purchasing an additional 503 shares during the last quarter. Lantz Financial LLC boosted its position in Kinder Morgan by 0.6% during the third quarter. Lantz Financial LLC now owns 78,779 shares of the pipeline company’s stock valued at $1,589,000 after purchasing an additional 504 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its position in shares of Kinder Morgan by 0.8% in the third quarter. LS Investment Advisors LLC now owns 68,613 shares of the pipeline company’s stock valued at $1,414,000 after buying an additional 522 shares during the last quarter. 62.15% of the stock is currently owned by hedge funds and other institutional investors.
KMI has been the subject of several research reports. Citigroup cut Kinder Morgan from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. They noted that the move was a valuation call. SunTrust Banks lowered their price objective on Kinder Morgan from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. TD Securities started coverage on Kinder Morgan in a research note on Wednesday, October 2nd. They set a “buy” rating and a $25.00 price objective on the stock. ValuEngine upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 8th. Finally, Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, December 24th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $21.86.
In other news, Director Fayez Sarofim acquired 200,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $20.10 per share, for a total transaction of $4,020,000.00. Following the transaction, the director now directly owns 29,373,127 shares of the company’s stock, valued at approximately $590,399,852.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas A. Martin sold 20,733 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $20.65, for a total value of $428,136.45. Following the sale, the vice president now owns 908,974 shares in the company, valued at approximately $18,770,313.10. The disclosure for this sale can be found here. Insiders have purchased a total of 1,459,624 shares of company stock worth $29,187,827 in the last 90 days. 13.95% of the stock is currently owned by corporate insiders.
Shares of KMI opened at $21.56 on Friday. Kinder Morgan Inc has a 52-week low of $17.54 and a 52-week high of $21.88. The business’s fifty day moving average is $20.96 and its 200-day moving average is $20.49. 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 firm has a market cap of $49.29 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 4.39 and a beta of 0.80.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. Kinder Morgan had a return on equity of 6.27% and a net margin of 16.58%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.62 billion. During the same quarter last year, the company posted $0.21 EPS. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. As a group, research analysts forecast that Kinder Morgan Inc will post 0.99 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.00 dividend on an annualized basis and a yield of 4.64%. Kinder Morgan’s dividend payout ratio is currently 105.26%.
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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