Fort Sheridan Advisors LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 6.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 48,268 shares of the pipeline company’s stock after acquiring an additional 2,893 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Kinder Morgan were worth $913,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Kinder Morgan during the 4th quarter worth $243,159,000. First Trust Advisors LP lifted its position in shares of Kinder Morgan by 109.7% during the 4th quarter. First Trust Advisors LP now owns 6,652,887 shares of the pipeline company’s stock worth $105,515,000 after buying an additional 3,480,176 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Kinder Morgan by 332,150.0% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,412,207 shares of the pipeline company’s stock worth $64,525,000 after buying an additional 3,411,180 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kinder Morgan by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 35,733,418 shares of the pipeline company’s stock worth $565,217,000 after buying an additional 1,517,490 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Kinder Morgan during the 1st quarter worth $27,460,000. 58.53% of the stock is currently owned by institutional investors.
Kinder Morgan Stock Up 1.0 %
Shares of NYSE:KMI opened at $17.47 on Friday. The business’s 50 day simple moving average is $17.66 and its two-hundred day simple moving average is $18.06. The firm has a market cap of $39.36 billion, a P/E ratio of 16.33, a PEG ratio of 4.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.42 and a current ratio of 0.52. Kinder Morgan, Inc. has a 52-week low of $15.01 and a 52-week high of $20.20.
Kinder Morgan Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.35%. Kinder Morgan’s dividend payout ratio is presently 103.74%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on KMI shares. Mizuho upped their target price on Kinder Morgan from $21.00 to $22.00 in a report on Thursday, April 21st. TD Securities upped their target price on Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, April 21st. Wells Fargo & Company lowered their target price on Kinder Morgan to $20.00 and set an “equal weight” rating for the company in a report on Friday, May 20th. Barclays decreased their price target on Kinder Morgan from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Finally, UBS Group increased their price target on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and an average price target of $21.14.
In other news, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total value of $28,815.00. Following the transaction, the vice president now owns 31,719 shares in the company, valued at $609,321.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP John W. Schlosser sold 3,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the completion of the sale, the vice president now directly owns 28,719 shares of the company’s stock, valued at $516,942. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $19.21, for a total value of $28,815.00. Following the sale, the vice president now directly owns 31,719 shares of the company’s stock, valued at $609,321.99. The disclosure for this sale can be found here. Corporate insiders own 14.22% of the company’s stock.
Kinder Morgan Profile
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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