United Asset Strategies Inc. trimmed its position in Kinder Morgan Inc (NYSE:KMI) by 12.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,052 shares of the pipeline company’s stock after selling 1,483 shares during the period. United Asset Strategies Inc.’s holdings in Kinder Morgan were worth $140,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Bluefin Trading LLC lifted its holdings in shares of Kinder Morgan by 695.5% in the fourth quarter. Bluefin Trading LLC now owns 122,512 shares of the pipeline company’s stock valued at $2,594,000 after purchasing an additional 107,112 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $179,000. Coastal Investment Advisors Inc. lifted its holdings in shares of Kinder Morgan by 10.4% in the fourth quarter. Coastal Investment Advisors Inc. now owns 5,907 shares of the pipeline company’s stock valued at $119,000 after purchasing an additional 555 shares in the last quarter. B. Riley Wealth Management Inc. lifted its holdings in shares of Kinder Morgan by 57.1% in the fourth quarter. B. Riley Wealth Management Inc. now owns 27,463 shares of the pipeline company’s stock valued at $582,000 after purchasing an additional 9,983 shares in the last quarter. Finally, Beck Mack & Oliver LLC lifted its holdings in shares of Kinder Morgan by 1.4% in the fourth quarter. Beck Mack & Oliver LLC now owns 99,539 shares of the pipeline company’s stock valued at $2,107,000 after purchasing an additional 1,385 shares in the last quarter. Institutional investors own 62.75% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Morgan Stanley raised Kinder Morgan from an “underweight” rating to an “equal weight” rating in a research report on Monday, March 16th. Mizuho reduced their price target on Kinder Morgan from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. TD Securities reduced their price target on Kinder Morgan from $19.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Bank of America raised Kinder Morgan from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, March 11th. Finally, Cfra reduced their price target on Kinder Morgan from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.40.
Shares of KMI traded down $0.34 during trading hours on Friday, reaching $15.02. The stock had a trading volume of 145,793 shares, compared to its average volume of 15,152,818. Kinder Morgan Inc has a 12 month low of $9.42 and a 12 month high of $22.58. The stock has a market capitalization of $34.06 billion, a PE ratio of 25.96, a PEG ratio of 7.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.50 and a current ratio of 0.55. The company’s 50-day moving average is $14.72 and its two-hundred day moving average is $18.46.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.03). Kinder Morgan had a net margin of 10.31% and a return on equity of 6.24%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. Equities analysts anticipate that Kinder Morgan Inc will post 0.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 6.99%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 1st. Kinder Morgan’s dividend payout ratio is presently 110.53%.
In related news, Director William A. Smith bought 6,500 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was acquired at an average cost of $15.35 per share, with a total value of $99,775.00. Following the transaction, the director now directly owns 21,087 shares in the company, valued at $323,685.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Richard D. Kinder bought 300,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $20.72 per share, with a total value of $6,216,000.00. Following the completion of the transaction, the chairman now owns 243,439,120 shares in the company, valued at $5,044,058,566.40. The disclosure for this purchase can be found here. Insiders bought a total of 1,406,500 shares of company stock valued at $24,957,775 over the last quarter. 14.19% of the stock is owned by corporate insiders.
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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