Natixis Advisors L.P. reduced its position in shares of Kinder Morgan Inc (NYSE:KMI) by 1.0% in the fourth quarter, Holdings Channel reports. 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.
A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in Kinder Morgan by 8.4% during the 4th quarter. State Street Corp now owns 104,650,289 shares of the pipeline company’s stock valued at $2,215,447,000 after purchasing an additional 8,137,878 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in shares of Kinder Morgan by 7.1% in the third quarter. Kayne Anderson Capital Advisors LP now owns 9,811,524 shares of the pipeline company’s stock worth $202,204,000 after acquiring an additional 650,900 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Kinder Morgan by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,071,314 shares of the pipeline company’s stock worth $192,040,000 after acquiring an additional 119,667 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Kinder Morgan by 1.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,805,465 shares of the pipeline company’s stock worth $165,242,000 after acquiring an additional 108,477 shares during the period. Finally, Chickasaw Capital Management LLC grew its stake in shares of Kinder Morgan by 1.3% in the fourth quarter. Chickasaw Capital Management LLC now owns 7,530,381 shares of the pipeline company’s stock worth $159,418,000 after acquiring an additional 94,141 shares during the period. Institutional investors and hedge funds own 61.88% of the company’s stock.
Shares of KMI stock traded down $0.35 during mid-day trading on Friday, hitting $19.17. The company had a trading volume of 2,498,662 shares, compared to its average volume of 12,951,493. Kinder Morgan Inc has a 52-week low of $19.13 and a 52-week high of $22.58. The stock’s 50 day moving average price is $21.47 and its 200-day moving average price is $20.63. 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 company has a market capitalization of $46.48 billion, a P/E ratio of 19.97, a P/E/G ratio of 4.27 and a beta of 0.81.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Kinder Morgan had a net margin of 16.58% and a return on equity of 6.29%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. On average, equities research analysts expect that Kinder Morgan Inc will post 0.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.22%. The ex-dividend date was Friday, January 31st. Kinder Morgan’s dividend payout ratio is presently 105.26%.
A number of brokerages have recently commented on KMI. Mizuho reiterated a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a research note on Thursday, January 30th. Piper Jaffray Companies assumed coverage on shares of Kinder Morgan in a research report on Wednesday, December 18th. They set a “neutral” rating and a $23.00 target price for the company. Barclays lowered shares of Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $23.00 target price for the company. in a research report on Tuesday, January 14th. ValuEngine upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley assumed coverage on shares of Kinder Morgan in a research report on Monday, January 6th. They set an “underweight” rating and a $19.00 target price for the company. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.92.
In other Kinder Morgan news, Director Michael C. Morgan sold 309,370 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Richard D. Kinder purchased 300,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $20.72 per share, for a total transaction of $6,216,000.00. Following the completion of the acquisition, the chairman now owns 243,439,120 shares of the company’s stock, valued at approximately $5,044,058,566.40. The disclosure for this purchase can be found here. Insiders own 13.95% of the company’s stock.
About Kinder Morgan
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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