Tdam USA Inc. lifted its stake in Kinder Morgan Inc (NYSE:KMI) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,636 shares of the pipeline company’s stock after buying an additional 1,490 shares during the quarter. Tdam USA Inc.’s holdings in Kinder Morgan were worth $579,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Avestar Capital LLC boosted its stake in shares of Kinder Morgan by 83.5% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock worth $27,000 after buying an additional 985 shares during the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth about $28,000. Cornerstone Advisors Inc. boosted its stake in shares of Kinder Morgan by 129.8% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after buying an additional 1,071 shares during the last quarter. Bedel Financial Consulting Inc. boosted its stake in shares of Kinder Morgan by 573.6% in the fourth quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,692 shares during the last quarter. Finally, Spence Asset Management purchased a new position in Kinder Morgan during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 60.83% of the company’s stock.
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In related news, insider Richard D. Kinder purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The stock was purchased at an average price of $17.92 per share, with a total value of $896,000.00. Following the completion of the acquisition, the insider now owns 235,262,353 shares in the company, valued at $4,215,901,365.76. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard D. Kinder purchased 150,000 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was bought at an average cost of $18.31 per share, with a total value of $2,746,500.00. Following the acquisition, the insider now owns 235,777,613 shares of the company’s stock, valued at approximately $4,317,088,094.03. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 300,000 shares of company stock worth $5,447,500. Company insiders own 14.16% of the company’s stock.
Shares of NYSE KMI traded down $0.20 during midday trading on Thursday, hitting $17.86. The stock had a trading volume of 4,026,389 shares, compared to its average volume of 16,236,837. The company has a market cap of $40.75 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.48 and a beta of 0.89. Kinder Morgan Inc has a 1 year low of $14.62 and a 1 year high of $18.67. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.76 and a quick ratio of 0.98.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. On average, equities research analysts anticipate that Kinder Morgan Inc will post 0.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be given a $0.20 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.48%. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.89%.
A number of brokerages have issued reports on KMI. Evercore ISI began coverage on Kinder Morgan in a research report on Tuesday. They set an “outperform” rating on the stock. ValuEngine upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday. Argus reiterated a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a research report on Tuesday, January 22nd. TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. Finally, Jefferies Financial Group upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Kinder Morgan has a consensus rating of “Buy” and an average target price of $21.08.
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About Kinder Morgan
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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