Whitnell & Co. raised its position in shares of Kinder Morgan Inc (NYSE:KMI) by 1,697.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,900 shares of the pipeline company’s stock after purchasing an additional 16,904 shares during the quarter. Whitnell & Co.’s holdings in Kinder Morgan were worth $275,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Kinder Morgan by 1.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 32,473 shares of the pipeline company’s stock worth $499,000 after acquiring an additional 554 shares during the period. Bogart Wealth LLC grew its stake in shares of Kinder Morgan by 51.5% in the fourth quarter. Bogart Wealth LLC now owns 2,597 shares of the pipeline company’s stock worth $39,000 after acquiring an additional 883 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its stake in shares of Kinder Morgan by 6.2% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 15,840 shares of the pipeline company’s stock worth $244,000 after acquiring an additional 920 shares during the period. Avestar Capital LLC grew its stake in shares of Kinder Morgan by 83.5% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 985 shares during the period. Finally, Sumitomo Life Insurance Co. grew its stake in shares of Kinder Morgan by 1.6% in the fourth quarter. Sumitomo Life Insurance Co. now owns 63,994 shares of the pipeline company’s stock worth $984,000 after acquiring an additional 995 shares during the period. Institutional investors and hedge funds own 61.17% of the company’s stock.
In related news, insider Richard D. Kinder bought 50,000 shares of the stock in a transaction dated Tuesday, January 29th. The shares were purchased at an average price of $17.92 per share, with a total value of $896,000.00. Following the completion of the acquisition, the insider now owns 235,262,353 shares of the company’s stock, valued at $4,215,901,365.76. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Richard D. Kinder bought 100,000 shares of the stock in a transaction dated Thursday, January 31st. The stock was bought at an average cost of $18.05 per share, for a total transaction of $1,805,000.00. Following the acquisition, the chairman now directly owns 235,427,613 shares of the company’s stock, valued at approximately $4,249,468,414.65. The disclosure for this purchase can be found here. Insiders have acquired 700,000 shares of company stock worth $12,643,500 in the last ninety days. Insiders own 14.16% of the company’s stock.
NYSE:KMI traded up $0.12 during trading hours on Tuesday, hitting $18.39. 4,850,670 shares of the stock traded hands, compared to its average volume of 16,192,653. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.76 and a quick ratio of 0.98. Kinder Morgan Inc has a 1 year low of $14.62 and a 1 year high of $18.67. The company has a market capitalization of $39.64 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.41 and a beta of 0.89.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, sell-side analysts anticipate that Kinder Morgan Inc will post 1 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.35%. The ex-dividend date is Wednesday, January 30th. Kinder Morgan’s dividend payout ratio is currently 89.89%.
Several brokerages recently issued reports on KMI. Evercore ISI began coverage on shares of Kinder Morgan in a research report on Tuesday, February 5th. They set an “outperform” rating for the company. Jefferies Financial Group upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, October 24th. Wolfe Research lowered shares of Kinder Morgan from a “market perform” rating to an “underperform” rating in a research report on Monday, November 26th. Finally, ValuEngine upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.08.
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About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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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