Linscomb & Williams Inc. grew its holdings in Kinder Morgan Inc (NYSE:KMI) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 248,882 shares of the pipeline company’s stock after acquiring an additional 29,459 shares during the period. Linscomb & Williams Inc.’s holdings in Kinder Morgan were worth $4,980,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in KMI. Vanguard Group Inc boosted its holdings in shares of Kinder Morgan by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after acquiring an additional 1,648,894 shares during the last quarter. Strs Ohio boosted its holdings in shares of Kinder Morgan by 0.6% in the 4th quarter. Strs Ohio now owns 1,303,326 shares of the pipeline company’s stock valued at $20,045,000 after acquiring an additional 7,543 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at $1,764,000. Sumitomo Life Insurance Co. boosted its holdings in shares of Kinder Morgan by 1.6% in the 4th quarter. Sumitomo Life Insurance Co. now owns 63,994 shares of the pipeline company’s stock valued at $984,000 after acquiring an additional 995 shares during the last quarter. Finally, Calamos Advisors LLC boosted its holdings in shares of Kinder Morgan by 17.6% in the 4th quarter. Calamos Advisors LLC now owns 466,877 shares of the pipeline company’s stock valued at $7,181,000 after acquiring an additional 69,898 shares during the last quarter. 63.60% of the stock is currently owned by institutional investors and hedge funds.
In other Kinder Morgan news, insider Richard D. Kinder bought 300,000 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $19.53 per share, with a total value of $5,859,000.00. Following the completion of the acquisition, the insider now directly owns 240,879,496 shares of the company’s stock, valued at $4,704,376,556.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard D. Kinder bought 200,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $19.61 per share, with a total value of $3,922,000.00. Following the acquisition, the insider now directly owns 238,188,493 shares of the company’s stock, valued at $4,670,876,347.73. The disclosure for this purchase can be found here. Insiders have bought 3,153,964 shares of company stock valued at $61,704,269 in the last ninety days. Insiders own 13.95% of the company’s stock.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Raymond James downgraded shares of Kinder Morgan from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, April 16th. They noted that the move was a valuation call. Jefferies Financial Group downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and upped their price objective for the company from $19.00 to $20.00 in a report on Monday, April 1st. Goldman Sachs Group cut shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 target price for the company. in a research note on Thursday, March 28th. Finally, Citigroup cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. Kinder Morgan has a consensus rating of “Buy” and an average target price of $21.82.
NYSE:KMI opened at $20.06 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.45 and a debt-to-equity ratio of 0.97. The firm has a market cap of $44.25 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.96 and a beta of 0.95. Kinder Morgan Inc has a fifty-two week low of $14.62 and a fifty-two week high of $20.57.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. As a group, equities research analysts predict that Kinder Morgan Inc will post 0.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.25 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, April 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.99%. Kinder Morgan’s dividend payout ratio is presently 112.36%.
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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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