O Shaughnessy Asset Management LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 523,550 shares of the pipeline company's stock after buying an additional 69,085 shares during the period. O Shaughnessy Asset Management LLC's holdings in Kinder Morgan were worth $14,345,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. raised its stake in Kinder Morgan by 5.2% in the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after purchasing an additional 15,114 shares in the last quarter. Principal Financial Group Inc. increased its stake in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after acquiring an additional 71,984 shares during the last quarter. Golden State Equity Partners raised its position in Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after purchasing an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in 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 worth $62,062,000 after purchasing an additional 44,474 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Kinder Morgan by 39.9% in the 3rd 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. 62.52% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
KMI has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price objective for the company. Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Mizuho lifted their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and an average target price of $29.64.
Check Out Our Latest Research Report on KMI
Insider Activity
In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,461 shares of company stock worth $2,988,616 over the last ninety days. Corporate insiders own 12.81% of the company's stock.
Kinder Morgan Stock Performance
Shares of NYSE KMI traded down $0.78 during midday trading on Thursday, hitting $28.14. 6,710,819 shares of the stock traded hands, compared to its average volume of 13,678,346. The firm has a market capitalization of $62.53 billion, a P/E ratio of 24.05, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The firm has a 50-day moving average of $27.35 and a two-hundred day moving average of $26.54.
Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.
Kinder Morgan Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.09%. Kinder Morgan's payout ratio is presently 98.29%.
Kinder Morgan Profile
(
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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