Mizuho Securities USA LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 46.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 183,188 shares of the pipeline company's stock after acquiring an additional 57,977 shares during the quarter. Mizuho Securities USA LLC's holdings in Kinder Morgan were worth $5,019,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Xponance Inc. grew its position in Kinder Morgan by 5.2% in the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after buying an additional 15,114 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after acquiring an additional 71,984 shares during the period. Golden State Equity Partners boosted its holdings in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after acquiring an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in shares of Kinder Morgan by 2.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after acquiring an additional 44,474 shares during the period. Finally, Barclays PLC raised its holdings in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Institutional investors own 62.52% of the company's stock.
Kinder Morgan Trading Up 0.3 %
Shares of NYSE:KMI traded up $0.09 during mid-day trading on Tuesday, hitting $28.80. The stock had a trading volume of 8,006,920 shares, compared to its average volume of 13,175,907. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a market cap of $63.99 billion, a PE ratio of 24.62, a P/E/G ratio of 3.08 and a beta of 0.94. The company's 50 day moving average is $27.57 and its 200-day moving average is $26.21.
Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.
Kinder Morgan Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 3.99%. Kinder Morgan's dividend payout ratio (DPR) is currently 98.29%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on KMI shares. Royal Bank of Canada increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.64.
View Our Latest Stock Analysis on KMI
Insiders Place Their Bets
In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company's stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,490,996 over the last quarter. Insiders own 12.64% of the company's stock.
Kinder Morgan Company Profile
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Free Report)
Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
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