Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 6.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 443,926 shares of the pipeline company’s stock after buying an additional 28,024 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Kinder Morgan were worth $8,395,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. HYA Advisors Inc raised its position in shares of Kinder Morgan by 1.5% in the 1st quarter. HYA Advisors Inc now owns 99,092 shares of the pipeline company’s stock worth $1,874,000 after acquiring an additional 1,504 shares in the last quarter. Alliancebernstein L.P. lifted its position in Kinder Morgan by 0.4% during the fourth quarter. Alliancebernstein L.P. now owns 2,916,355 shares of the pipeline company’s stock valued at $46,253,000 after acquiring an additional 12,278 shares during the last quarter. Glassy Mountain Advisors Inc. grew its stake in Kinder Morgan by 30.2% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 45,636 shares of the pipeline company’s stock worth $863,000 after buying an additional 10,590 shares during the last quarter. Norges Bank acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $243,159,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Kinder Morgan by 46.6% in the fourth quarter. Advisors Asset Management Inc. now owns 639,751 shares of the pipeline company’s stock worth $10,146,000 after buying an additional 203,461 shares during the last quarter. 58.53% of the stock is owned by institutional investors.
In related news, VP John W. Schlosser sold 1,500 shares of the stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $18.51, for a total transaction of $27,765.00. Following the transaction, the vice president now owns 33,219 shares of the company’s stock, valued at approximately $614,883.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Dax Sanders sold 91,129 shares of the business’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $19.51, for a total transaction of $1,777,926.79. Following the sale, the vice president now owns 204,105 shares in the company, valued at $3,982,088.55. The disclosure for this sale can be found here. Insiders have sold a total of 94,129 shares of company stock valued at $1,834,507 in the last ninety days. 12.51% of the stock is currently owned by corporate insiders.
Kinder Morgan (NYSE:KMI – Get Rating) last issued its quarterly earnings data on Wednesday, April 20th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $3.66 billion. Kinder Morgan had a net margin of 6.64% and a return on equity of 7.51%. Kinder Morgan’s revenue was down 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.14 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Stockholders of record on Monday, May 2nd were issued a $0.2775 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.27. This represents a $1.11 annualized dividend and a dividend yield of 6.69%. The ex-dividend date was Friday, April 29th. Kinder Morgan’s dividend payout ratio is currently 246.67%.
Several research firms have commented on KMI. TD Securities upped their price objective on Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Mizuho boosted their price target on shares of Kinder Morgan from $21.00 to $22.00 in a research report on Thursday, April 21st. Wolfe Research downgraded shares of Kinder Morgan from a “peer perform” rating to an “underperform” rating and increased their price objective for the company from $17.00 to $18.00 in a report on Monday, April 11th. Morgan Stanley boosted their target price on Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, April 20th. Finally, US Capital Advisors reaffirmed a “hold” rating on shares of Kinder Morgan in a report on Wednesday, June 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.33.
About Kinder Morgan (Get Rating)
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.
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