Sciencast Management LP Takes Position in Kinder Morgan Inc (NYSE:KMI)

Sciencast Management LP purchased a new position in Kinder Morgan Inc (NYSE:KMI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 42,820 shares of the pipeline company’s stock, valued at approximately $617,000.

Other large investors have also modified their holdings of the company. Red Door Wealth Management LLC acquired a new position in Kinder Morgan in the 1st quarter worth approximately $26,000. Truehand Inc purchased a new stake in Kinder Morgan in the 2nd quarter worth approximately $27,000. Larson Financial Group LLC boosted its position in Kinder Morgan by 161.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,845 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 1,138 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Kinder Morgan in the 1st quarter worth approximately $31,000. Finally, AlphaMark Advisors LLC boosted its position in Kinder Morgan by 240.0% in the 1st quarter. AlphaMark Advisors LLC now owns 2,550 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 61.44% of the company’s stock.

Shares of Kinder Morgan stock opened at $14.10 on Friday. The business has a 50-day moving average of $14.88 and a 200 day moving average of $16.63. 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 $31.89 billion, a price-to-earnings ratio of 201.46, a price-to-earnings-growth ratio of 5.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.48 and a quick ratio of 0.50.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Kinder Morgan had a return on equity of 6.02% and a net margin of 1.41%. The company had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period last year, the business posted $0.22 EPS. Equities research analysts anticipate that Kinder Morgan Inc will post 0.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Friday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is 110.53%.

KMI has been the topic of a number of research reports. Goldman Sachs Group lowered Kinder Morgan from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $16.00 to $15.00 in a report on Monday, July 6th. Cfra decreased their price objective on Kinder Morgan from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Mizuho decreased their price objective on Kinder Morgan from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. TD Securities cut their target price on Kinder Morgan from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, Morgan Stanley raised their target price on Kinder Morgan from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $18.72.

In other news, major shareholder Richard D. Kinder bought 300,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was bought at an average cost of $14.14 per share, for a total transaction of $4,242,000.00. Following the acquisition, the insider now directly owns 244,839,120 shares of the company’s stock, valued at approximately $3,462,025,156.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 14.19% of the company’s stock.

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.

Further Reading: Trading on Margin

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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