Xponance Inc. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,044 shares of the pipeline company's stock after acquiring an additional 15,114 shares during the quarter. Xponance Inc.'s holdings in Kinder Morgan were worth $8,303,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of KMI. Empowered Funds LLC grew its holdings in shares of Kinder Morgan by 15.2% during the third quarter. Empowered Funds LLC now owns 172,905 shares of the pipeline company's stock worth $3,819,000 after purchasing an additional 22,776 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Kinder Morgan by 49.4% during the third quarter. Natixis Advisors LLC now owns 631,901 shares of the pipeline company's stock worth $13,959,000 after purchasing an additional 208,981 shares during the last quarter. AMG National Trust Bank grew its holdings in shares of Kinder Morgan by 17.7% during the third quarter. AMG National Trust Bank now owns 23,410 shares of the pipeline company's stock worth $517,000 after purchasing an additional 3,524 shares during the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of Kinder Morgan by 8.1% during the third quarter. Meeder Advisory Services Inc. now owns 48,999 shares of the pipeline company's stock worth $1,082,000 after purchasing an additional 3,675 shares during the last quarter. Finally, New England Asset Management Inc. grew its holdings in shares of Kinder Morgan by 2.9% during the third quarter. New England Asset Management Inc. now owns 169,290 shares of the pipeline company's stock worth $3,740,000 after purchasing an additional 4,810 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.
Kinder Morgan Stock Down 0.6 %
Shares of NYSE:KMI traded down $0.17 during trading on Friday, reaching $27.90. 19,504,849 shares of the stock were exchanged, compared to its average volume of 13,181,878. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The stock has a fifty day moving average of $27.57 and a two-hundred day moving average of $26.12. The firm has a market cap of $61.98 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.
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 analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.
Kinder Morgan Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's payout ratio is currently 98.29%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on KMI. UBS Group upped their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a report on Monday, March 3rd. Royal Bank of Canada upped their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and an average target price of $29.64.
Check Out Our Latest Stock Report on KMI
Insider Activity at Kinder Morgan
In related news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company's stock, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is owned by insiders.
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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