Gilbert & Cook Inc. increased its position in Kinder Morgan Inc (NYSE:KMI) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,744 shares of the pipeline company’s stock after acquiring an additional 494 shares during the period. Gilbert & Cook Inc.’s holdings in Kinder Morgan were worth $221,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in KMI. SRS Capital Advisors Inc. acquired a new position in Kinder Morgan during the 2nd quarter valued at about $32,000. River & Mercantile Asset Management LLP acquired a new position in Kinder Morgan during the 2nd quarter valued at about $33,000. Bartlett & Co. LLC acquired a new position in Kinder Morgan during the 2nd quarter valued at about $37,000. Citizens Financial Group Inc RI increased its stake in Kinder Morgan by 35.4% during the 3rd quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock valued at $39,000 after buying an additional 503 shares during the period. Finally, Atwater Malick LLC acquired a new position in Kinder Morgan during the 3rd quarter valued at about $40,000. 61.98% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Richard D. Kinder bought 400,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $19.95 per share, for a total transaction of $7,980,000.00. Following the completion of the acquisition, the insider now directly owns 241,579,496 shares in the company, valued at approximately $4,819,510,945.20. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard D. Kinder bought 300,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $19.76 per share, with a total value of $5,928,000.00. Following the completion of the acquisition, the insider now owns 241,879,496 shares of the company’s stock, valued at $4,779,538,840.96. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,305,000 shares of company stock valued at $26,061,550. Corporate insiders own 13.95% of the company’s stock.
Several research firms have commented on KMI. Goldman Sachs Group cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research note on Thursday, October 24th. ValuEngine cut shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. TD Securities began coverage on shares of Kinder Morgan in a research note on Wednesday, October 2nd. They set a “buy” rating and a $25.00 target price on the stock. Scotiabank began coverage on shares of Kinder Morgan in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price objective on the stock. Finally, Scotia Howard Weill began coverage on shares of Kinder Morgan in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price objective on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.98.
Shares of KMI traded down $0.01 during mid-day trading on Friday, hitting $20.03. The company’s stock had a trading volume of 11,788,886 shares, compared to its average volume of 13,679,343. The firm has a 50-day moving average price of $20.36 and a 200 day moving average price of $20.39. The stock has a market capitalization of $46.48 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.29 and a beta of 0.80. 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 fifty-two week low of $14.62 and a fifty-two week high of $21.50.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Kinder Morgan Inc will post 0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Wednesday, October 30th. Kinder Morgan’s payout ratio is 112.36%.
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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