Oxbow Advisors LLC trimmed its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 0.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 279,837 shares of the pipeline company’s stock after selling 2,381 shares during the quarter. Oxbow Advisors LLC’s holdings in Kinder Morgan were worth $5,924,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Carmichael Hill & Associates Inc. acquired a new position in shares of Kinder Morgan during the fourth quarter worth $25,000. Coastal Capital Group Inc. lifted its position in shares of Kinder Morgan by 163.6% during the fourth quarter. Coastal Capital Group Inc. now owns 1,244 shares of the pipeline company’s stock worth $26,000 after purchasing an additional 772 shares in the last quarter. Retirement Network acquired a new position in shares of Kinder Morgan during the fourth quarter worth $30,000. grace capital acquired a new position in shares of Kinder Morgan during the third quarter worth $31,000. Finally, S.A. Mason LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $34,000. 61.98% of the stock is currently owned by hedge funds and other institutional investors.
KMI traded up $0.06 during trading on Friday, hitting $22.00. The company had a trading volume of 8,823,478 shares, compared to its average volume of 12,874,357. The company has a market cap of $49.76 billion, a PE ratio of 22.92, a P/E/G ratio of 4.41 and a beta of 0.81. The business has a 50-day moving average of $21.28 and a 200-day moving average of $20.53. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.35 and a quick ratio of 0.29. Kinder Morgan Inc has a 1-year low of $18.73 and a 1-year high of $22.09.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.62 billion. Kinder Morgan had a net margin of 16.58% and a return on equity of 6.27%. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. Research analysts forecast that Kinder Morgan Inc will post 0.97 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.25 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.00 annualized dividend and a yield of 4.55%. Kinder Morgan’s dividend payout ratio is presently 105.26%.
In related news, Chairman Richard D. Kinder purchased 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $19.74 per share, with a total value of $5,922,000.00. Following the completion of the acquisition, the chairman now directly owns 243,079,496 shares of the company’s stock, valued at approximately $4,798,389,251.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Fayez Sarofim purchased 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $20.10 per share, for a total transaction of $4,020,000.00. Following the completion of the acquisition, the director now directly owns 29,373,127 shares of the company’s stock, valued at $590,399,852.70. The disclosure for this purchase can be found here. Insiders purchased 559,624 shares of company stock worth $11,142,827 over the last ninety days. 13.95% of the stock is currently owned by corporate insiders.
A number of research analysts have recently commented on KMI shares. SunTrust Banks reduced their target price on shares of Kinder Morgan from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Mizuho reissued a “buy” rating and set a $23.00 target price on shares of Kinder Morgan in a research report on Thursday, January 30th. Morgan Stanley started coverage on shares of Kinder Morgan in a research report on Monday, January 6th. They set an “underweight” rating and a $19.00 target price on the stock. US Capital Advisors cut shares of Kinder Morgan from an “overweight” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, December 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.92.
About Kinder Morgan
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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