WINTON GROUP Ltd trimmed its position in Kinder Morgan Inc (NYSE:KMI) by 50.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,471 shares of the pipeline company’s stock after selling 12,557 shares during the quarter. WINTON GROUP Ltd’s holdings in Kinder Morgan were worth $225,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Kinder Morgan by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 19,319,338 shares of the pipeline company’s stock worth $348,322,000 after purchasing an additional 513,245 shares during the last quarter. Bank of New York Mellon Corp increased its position in 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 valued at $292,995,000 after buying an additional 800,229 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Kinder Morgan by 17.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock valued at $267,575,000 after buying an additional 2,048,560 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its position in Kinder Morgan by 11.0% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after buying an additional 1,373,610 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Kinder Morgan by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock valued at $217,014,000 after buying an additional 636,683 shares in the last quarter. Institutional investors and hedge funds own 62.63% of the company’s stock.
KMI has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Credit Suisse Group initiated coverage on Kinder Morgan in a report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 price objective on the stock. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Bank of America initiated coverage on Kinder Morgan in a report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Co reissued a “market perform” rating on shares of Kinder Morgan in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. Kinder Morgan presently has an average rating of “Hold” and an average price target of $22.50.
Shares of Kinder Morgan Inc (NYSE KMI) traded down $0.11 on Friday, hitting $16.31. The stock had a trading volume of 72,457,164 shares, compared to its average volume of 16,450,000. Kinder Morgan Inc has a 1 year low of $15.07 and a 1 year high of $21.92. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $35,980.00, a P/E ratio of -30.20, a price-to-earnings-growth ratio of 1.67 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last issued its 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 4.38% and a net margin of 1.34%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. equities research analysts expect that Kinder Morgan Inc will post 0.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders 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 dividend yield of 3.07%. Kinder Morgan’s payout ratio is -92.59%.
In related news, Director William A. Smith bought 5,500 shares of the stock in a transaction dated Monday, January 22nd. The shares were purchased at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the purchase, the director now directly owns 14,587 shares of the company’s stock, valued at $284,738.24. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 13.99% of the stock is owned by corporate insiders.
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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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