Viking Fund Management LLC increased its position in shares of Kinder Morgan Inc (NYSE:KMI) by 74.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 965,000 shares of the pipeline company’s stock after purchasing an additional 412,500 shares during the period. Kinder Morgan makes up about 2.8% of Viking Fund Management LLC’s portfolio, making the stock its 10th biggest holding. Viking Fund Management LLC’s holdings in Kinder Morgan were worth $17,438,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in KMI. Thrivent Financial For Lutherans lifted its holdings in Kinder Morgan by 3.2% during the 2nd quarter. Thrivent Financial For Lutherans now owns 74,220 shares of the pipeline company’s stock worth $1,422,000 after purchasing an additional 2,320 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in Kinder Morgan by 1.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 233,790 shares of the pipeline company’s stock valued at $4,479,000 after acquiring an additional 3,301 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Kinder Morgan by 6.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 5,620,861 shares of the pipeline company’s stock valued at $107,696,000 after acquiring an additional 355,767 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in Kinder Morgan by 59.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 32,562 shares of the pipeline company’s stock valued at $624,000 after acquiring an additional 12,093 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in Kinder Morgan by 34.6% in the 2nd quarter. ETRADE Capital Management LLC now owns 13,157 shares of the pipeline company’s stock valued at $252,000 after acquiring an additional 3,380 shares in the last quarter. 60.78% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Inc (NYSE KMI) remained flat at $$19.01 during trading on Friday. The company’s stock had a trading volume of 18,000,000 shares, compared to its average volume of 15,110,000. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. Kinder Morgan Inc has a fifty-two week low of $16.68 and a fifty-two week high of $23.01. The company has a market cap of $42,450.00, a price-to-earnings ratio of 1,901.00, a PEG ratio of 1.33 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.35% and a net margin of 1.34%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the firm earned $0.08 EPS. Kinder Morgan’s revenue was up 7.2% on a year-over-year basis. equities analysts anticipate that Kinder Morgan Inc will post 0.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.63%. Kinder Morgan’s dividend payout ratio (DPR) is currently 5,000.00%.
In other Kinder Morgan news, VP Thomas A. Martin purchased 3,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was bought at an average price of $17.10 per share, with a total value of $51,300.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 13.99% of the stock is currently owned by insiders.
Several equities analysts have weighed in on the company. Stifel Nicolaus dropped their price objective on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Mizuho reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a report on Friday, October 20th. SunTrust Banks set a $23.00 price objective on Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 19th. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Goldman Sachs Group cut Kinder Morgan from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $18.81 to $22.00 in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. Kinder Morgan has an average rating of “Hold” and an average price target of $22.72.
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Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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