Gulf International Bank UK Ltd reduced its stake in Kinder Morgan (NYSE:KMI) by 1.4% during the 1st quarter, HoldingsChannel reports. The fund owned 625,473 shares of the pipeline company’s stock after selling 8,750 shares during the period. Gulf International Bank UK Ltd’s holdings in Kinder Morgan were worth $9,419,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of KMI. Clearbridge Investments LLC lifted its position in shares of Kinder Morgan by 125.7% in the fourth quarter. Clearbridge Investments LLC now owns 12,648,613 shares of the pipeline company’s stock valued at $228,560,000 after acquiring an additional 7,043,594 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Kinder Morgan by 193.5% in the fourth quarter. Mackenzie Financial Corp now owns 8,456,050 shares of the pipeline company’s stock valued at $152,801,000 after acquiring an additional 5,574,481 shares in the last quarter. Clearbridge LLC lifted its position in shares of Kinder Morgan by 106.4% in the fourth quarter. Clearbridge LLC now owns 4,939,820 shares of the pipeline company’s stock valued at $89,263,000 after acquiring an additional 2,546,130 shares in the last quarter. Maple Brown Abbott Ltd lifted its position in Kinder Morgan by 46.6% during the fourth quarter. Maple Brown Abbott Ltd now owns 6,772,088 shares of the pipeline company’s stock worth $122,372,000 after buying an additional 2,154,212 shares during the period. Finally, Millennium Management LLC lifted its position in Kinder Morgan by 63.4% during the fourth quarter. Millennium Management LLC now owns 4,439,169 shares of the pipeline company’s stock worth $80,216,000 after buying an additional 1,723,021 shares during the period. Institutional investors and hedge funds own 62.95% of the company’s stock.
KMI stock opened at $16.30 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 1.01. Kinder Morgan has a 1 year low of $16.37 and a 1 year high of $16.47. The stock has a market capitalization of $36.18 billion, a PE ratio of 24.70, a P/E/G ratio of 1.81 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 18th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Kinder Morgan had a return on equity of 4.57% and a net margin of 1.95%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter last year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. equities analysts predict that Kinder Morgan will post 0.87 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, April 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.91%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.13. Kinder Morgan’s dividend payout ratio (DPR) is 121.21%.
Several equities analysts recently weighed in on the company. ValuEngine downgraded Kinder Morgan from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus dropped their price target on Kinder Morgan from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, April 30th. Mizuho set a $19.00 price target on Kinder Morgan and gave the stock a “hold” rating in a research note on Wednesday, April 11th. Jefferies Group dropped their price target on Kinder Morgan from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Monday, April 16th. Finally, Barclays dropped their price target on Kinder Morgan from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, April 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. Kinder Morgan presently has a consensus rating of “Buy” and a consensus target price of $21.32.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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