Taylor Hoffman Wealth Management bought a new position in shares of Kinder Morgan Inc (NYSE:KMI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,127 shares of the pipeline company’s stock, valued at approximately $165,000.
Several other institutional investors have also recently bought and sold shares of KMI. Virtu Financial LLC increased its stake in shares of Kinder Morgan by 219.9% during the 4th quarter. Virtu Financial LLC now owns 171,852 shares of the pipeline company’s stock worth $3,105,000 after purchasing an additional 118,127 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Kinder Morgan by 140.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 30,237 shares of the pipeline company’s stock worth $547,000 after purchasing an additional 17,684 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kinder Morgan by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 16,214,448 shares of the pipeline company’s stock worth $292,995,000 after purchasing an additional 800,229 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Kinder Morgan by 1.0% during the 4th quarter. Rhumbline Advisers now owns 3,375,529 shares of the pipeline company’s stock worth $60,996,000 after purchasing an additional 33,162 shares during the last quarter. Finally, Levin Capital Strategies L.P. increased its stake in shares of Kinder Morgan by 37.1% during the 4th quarter. Levin Capital Strategies L.P. now owns 385,695 shares of the pipeline company’s stock worth $6,970,000 after purchasing an additional 104,360 shares during the last quarter. 60.42% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on KMI. JPMorgan Chase & Co. decreased their price target on shares of Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating for the company in a research note on Monday, February 12th. Wells Fargo & Co restated a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Bank of America began coverage on shares of Kinder Morgan in a research note on Tuesday, January 9th. They set a “neutral” rating for the company. Royal Bank of Canada restated a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research note on Wednesday, November 15th. Finally, Credit Suisse Group set a $22.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Monday, February 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. Kinder Morgan presently has an average rating of “Hold” and an average target price of $22.50.
Kinder Morgan Inc (KMI) opened at $17.06 on Friday. Kinder Morgan Inc has a one year low of $16.56 and a one year high of $22.10. The firm has a market cap of $37,635.50, a P/E ratio of 1,706.00, a P/E/G ratio of 1.16 and a beta of 0.56. 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 released its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same period in the previous year, the business earned $0.08 EPS. Kinder Morgan’s revenue was up 7.2% compared to the same quarter last year. equities analysts predict that Kinder Morgan Inc will post 0.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a $0.125 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.93%. Kinder Morgan’s dividend payout ratio is 5,000.00%.
In other news, VP Thomas A. Martin purchased 3,000 shares of Kinder Morgan stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average cost of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William A. Smith purchased 5,500 shares of Kinder Morgan stock in a transaction dated Monday, January 22nd. The shares were purchased at an average price of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at $284,738.24. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by insiders.
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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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