Nwam LLC lessened its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 37.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,927 shares of the pipeline company’s stock after selling 7,904 shares during the period. Nwam LLC’s holdings in Kinder Morgan were worth $234,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in KMI. Cubist Systematic Strategies LLC grew its holdings in shares of Kinder Morgan by 30.1% during the second quarter. Cubist Systematic Strategies LLC now owns 23,659 shares of the pipeline company’s stock worth $453,000 after purchasing an additional 5,470 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Kinder Morgan during the second quarter worth $706,000. Achmea Investment Management B.V. grew its holdings in shares of Kinder Morgan by 20.1% during the second quarter. Achmea Investment Management B.V. now owns 148,277 shares of the pipeline company’s stock worth $2,838,000 after purchasing an additional 24,766 shares during the last quarter. Brookfield Asset Management Inc. grew its holdings in shares of Kinder Morgan by 4.3% during the second quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock worth $207,769,000 after purchasing an additional 447,389 shares during the last quarter. Finally, M Holdings Securities Inc. grew its holdings in shares of Kinder Morgan by 58.4% during the second quarter. M Holdings Securities Inc. now owns 17,634 shares of the pipeline company’s stock worth $338,000 after purchasing an additional 6,501 shares during the last quarter. Institutional investors own 60.42% of the company’s stock.
In related news, VP Thomas A. Martin bought 3,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were purchased at an average price of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William A. Smith bought 5,500 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was bought at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the purchase, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The disclosure for this purchase can be found here. Corporate insiders own 13.99% of the company’s stock.
Kinder Morgan Inc (NYSE KMI) opened at $17.39 on Wednesday. The stock has a market capitalization of $38,164.96, a PE ratio of 25.82, a P/E/G ratio of 1.17 and a beta of 0.56. Kinder Morgan Inc has a 1-year low of $16.56 and a 1-year high of $22.64. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 1.00.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter last year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. equities analysts forecast that Kinder Morgan Inc will post 0.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, January 30th. Kinder Morgan’s payout ratio is 5,000.00%.
Several analysts have recently commented on KMI shares. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a report on Monday, January 29th. They noted that the move was a valuation call. SunTrust Banks set a $23.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 19th. Stifel Nicolaus decreased their price target on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, October 24th. Credit Suisse Group set a $22.00 price target on Kinder Morgan and gave the company a “buy” rating in a report on Monday. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.50.
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About Kinder Morgan
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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