Natixis Advisors L.P. cut its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,723 shares of the pipeline company’s stock after selling 1,970 shares during the quarter. Natixis Advisors L.P.’s holdings in Kinder Morgan were worth $4,101,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quantum Capital Management acquired a new position in shares of Kinder Morgan during the third quarter worth $55,000. BancorpSouth Bank lifted its holdings in shares of Kinder Morgan by 3.3% during the third quarter. BancorpSouth Bank now owns 265,179 shares of the pipeline company’s stock worth $5,466,000 after purchasing an additional 8,394 shares during the period. Halsey Associates Inc. CT lifted its holdings in shares of Kinder Morgan by 7.2% during the third quarter. Halsey Associates Inc. CT now owns 422,034 shares of the pipeline company’s stock worth $8,698,000 after purchasing an additional 28,210 shares during the period. Coastal Investment Advisors Inc. lifted its holdings in shares of Kinder Morgan by 10.4% during the fourth quarter. Coastal Investment Advisors Inc. now owns 5,907 shares of the pipeline company’s stock worth $119,000 after purchasing an additional 555 shares during the period. Finally, Beck Mack & Oliver LLC lifted its holdings in shares of Kinder Morgan by 1.4% during the fourth quarter. Beck Mack & Oliver LLC now owns 99,539 shares of the pipeline company’s stock worth $2,107,000 after purchasing an additional 1,385 shares during the period. 61.88% of the stock is currently owned by institutional investors.
In related news, Director Michael C. Morgan sold 309,370 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $21.89, for a total transaction of $6,772,109.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard D. Kinder purchased 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $20.72 per share, for a total transaction of $6,216,000.00. Following the completion of the purchase, the chairman now directly owns 243,439,120 shares in the company, valued at approximately $5,044,058,566.40. The disclosure for this purchase can be found here. Corporate insiders own 13.95% of the company’s stock.
Shares of NYSE:KMI traded down $0.35 during midday trading on Friday, hitting $19.17. 2,498,662 shares of the company’s stock were exchanged, compared to its average volume of 12,951,493. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.63 and a quick ratio of 0.56. The stock has a 50 day moving average price of $21.47 and a 200-day moving average price of $20.63. The company has a market cap of $46.48 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 4.27 and a beta of 0.81. Kinder Morgan Inc has a 12 month low of $19.13 and a 12 month high of $22.58.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.26. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.62 billion. Kinder Morgan had a net margin of 16.58% and a return on equity of 6.29%. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. On average, analysts anticipate that Kinder Morgan Inc will post 0.96 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date was Friday, January 31st. Kinder Morgan’s payout ratio is currently 105.26%.
Several equities analysts recently issued reports on KMI shares. Mizuho restated a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a report on Thursday, January 30th. Morgan Stanley started coverage on shares of Kinder Morgan in a report on Monday, January 6th. They issued an “underweight” rating and a $19.00 target price on the stock. Citigroup lowered shares of 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. Barclays lowered shares of Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $23.00 target price on the stock. in a report on Tuesday, January 14th. Finally, Piper Jaffray Companies started coverage on shares of Kinder Morgan in a report on Wednesday, December 18th. They issued a “neutral” rating and a $23.00 target price on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $21.92.
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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