Robertson Opportunity Capital LLC cut its position in Kinder Morgan Inc (NYSE:KMI) by 32.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,000 shares of the pipeline company’s stock after selling 85,000 shares during the quarter. Kinder Morgan comprises about 1.9% of Robertson Opportunity Capital LLC’s portfolio, making the stock its 22nd biggest holding. Robertson Opportunity Capital LLC’s holdings in Kinder Morgan were worth $3,180,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its stake in Kinder Morgan by 1.1% in the 3rd quarter. Macquarie Group Ltd. now owns 6,676,184 shares of the pipeline company’s stock valued at $128,049,000 after purchasing an additional 71,980 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Kinder Morgan by 4.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,594,487 shares of the pipeline company’s stock valued at $126,483,000 after purchasing an additional 268,913 shares during the period. Mutual Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $224,000. Claar Advisors LLC boosted its stake in Kinder Morgan by 3,026.4% in the 3rd quarter. Claar Advisors LLC now owns 541,967 shares of the pipeline company’s stock valued at $10,395,000 after purchasing an additional 524,632 shares during the period. Finally, Ferris Capital LLC boosted its stake in Kinder Morgan by 30.7% in the 4th quarter. Ferris Capital LLC now owns 22,583 shares of the pipeline company’s stock valued at $408,000 after purchasing an additional 5,299 shares during the period. Institutional investors and hedge funds own 62.63% of the company’s stock.
In other Kinder Morgan news, Director William A. Smith acquired 5,500 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was acquired at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the transaction, the director now directly owns 14,587 shares in the company, valued at $284,738.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.99% of the stock is owned by corporate insiders.
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, topping the consensus estimate of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the prior year, the company earned $0.08 EPS. Kinder Morgan’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts predict that Kinder Morgan Inc will post 0.85 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.50 annualized dividend and a dividend yield of 3.03%. Kinder Morgan’s dividend payout ratio is currently -92.59%.
A number of analysts have recently weighed in on KMI shares. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Morgan Stanley cut their target price on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. Credit Suisse Group started coverage on Kinder Morgan in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 target price for the company. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.50.
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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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