Patten & Patten Inc. TN trimmed its position in shares of Kinder Morgan Inc (NYSE:KMI) by 23.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,015 shares of the pipeline company’s stock after selling 9,490 shares during the quarter. Patten & Patten Inc. TN’s holdings in Kinder Morgan were worth $560,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of KMI. North Star Asset Management Inc. grew its stake in Kinder Morgan by 0.6% in the 2nd quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after purchasing an additional 61 shares during the period. CNH Partners LLC grew its stake in Kinder Morgan by 0.4% in the 2nd quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock valued at $526,000 after purchasing an additional 100 shares during the period. Moors & Cabot Inc. grew its stake in Kinder Morgan by 0.6% in the 2nd quarter. Moors & Cabot Inc. now owns 142,874 shares of the pipeline company’s stock valued at $2,744,000 after purchasing an additional 896 shares during the period. Waters Parkerson & CO. LLC grew its stake in Kinder Morgan by 4.3% in the 2nd quarter. Waters Parkerson & CO. LLC now owns 24,317 shares of the pipeline company’s stock valued at $466,000 after purchasing an additional 1,000 shares during the period. Finally, Krilogy Financial LLC grew its stake in Kinder Morgan by 8.6% in the 2nd quarter. Krilogy Financial LLC now owns 13,536 shares of the pipeline company’s stock valued at $259,000 after purchasing an additional 1,067 shares during the period. 60.42% of the stock is currently owned by institutional investors.
KMI has been the subject of several research reports. Stifel Nicolaus cut their price target on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Goldman Sachs Group downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and increased their price target for the stock from $18.81 to $22.00 in a research note on Tuesday, October 17th. Morgan Stanley cut their price target on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Finally, SunTrust Banks set a $23.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. Kinder Morgan presently has a consensus rating of “Hold” and an average target price of $22.50.
In other Kinder Morgan news, VP Thomas A. Martin acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average cost of $17.10 per share, for a total transaction of $51,300.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William A. Smith acquired 5,500 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was acquired at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the transaction, the director now owns 14,587 shares in the company, valued at approximately $284,738.24. The disclosure for this purchase can be found here. 13.99% of the stock is owned by company insiders.
Shares of Kinder Morgan Inc (NYSE KMI) traded up $0.06 during midday trading on Wednesday, hitting $17.45. The company had a trading volume of 10,853,258 shares, compared to its average volume of 17,840,000. The stock has a market cap of $38,970.00, a PE ratio of 1,745.00, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00. Kinder Morgan Inc has a 52 week low of $16.56 and a 52 week high of $22.64.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. Kinder Morgan’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. sell-side analysts anticipate that Kinder Morgan Inc will post 0.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.50 annualized dividend and a yield of 2.87%. Kinder Morgan’s payout ratio is 5,000.00%.
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Kinder Morgan 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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