Blume Capital Management Inc. grew its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 204,535 shares of the pipeline company’s stock after acquiring an additional 9,880 shares during the quarter. Kinder Morgan comprises about 1.8% of Blume Capital Management Inc.’s portfolio, making the stock its 22nd biggest holding. Blume Capital Management Inc.’s holdings in Kinder Morgan were worth $3,146,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in KMI. Atria Investments LLC bought a new position in shares of Kinder Morgan during the 3rd quarter valued at about $340,000. Sheets Smith Wealth Management bought a new position in shares of Kinder Morgan during the 3rd quarter valued at about $560,000. Callahan Advisors LLC lifted its holdings in shares of Kinder Morgan by 17.8% during the 3rd quarter. Callahan Advisors LLC now owns 549,470 shares of the pipeline company’s stock valued at $9,742,000 after purchasing an additional 83,165 shares in the last quarter. Mcrae Capital Management Inc. lifted its holdings in shares of Kinder Morgan by 29.4% during the 3rd quarter. Mcrae Capital Management Inc. now owns 222,989 shares of the pipeline company’s stock valued at $3,954,000 after purchasing an additional 50,600 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in shares of Kinder Morgan during the 3rd quarter valued at about $164,000. Hedge funds and other institutional investors own 61.17% of the company’s stock.
Several equities analysts have recently weighed in on KMI shares. Jefferies Financial Group upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. TheStreet raised Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. Wolfe Research lowered Kinder Morgan from a “market perform” rating to an “underperform” rating in a research report on Monday, November 26th. Argus reissued a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a research report on Tuesday, January 22nd. Finally, Evercore ISI started coverage on Kinder Morgan in a research report on Tuesday, February 5th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.08.
In related news, insider Richard D. Kinder purchased 400,000 shares of the stock in a transaction on Thursday, February 7th. The shares were purchased at an average price of $17.99 per share, with a total value of $7,196,000.00. Following the transaction, the insider now directly owns 236,177,613 shares of the company’s stock, valued at $4,248,835,257.87. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Richard D. Kinder purchased 50,000 shares of the stock in a transaction on Tuesday, January 29th. The shares were bought at an average cost of $17.92 per share, for a total transaction of $896,000.00. Following the transaction, the insider now directly owns 235,262,353 shares in the company, valued at $4,215,901,365.76. The disclosure for this purchase can be found here. Insiders have acquired a total of 700,000 shares of company stock worth $12,643,500 in the last ninety days. Insiders own 14.16% of the company’s stock.
NYSE:KMI opened at $18.27 on Tuesday. The company has a market cap of $39.64 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 2.41 and a beta of 0.89. Kinder Morgan Inc has a twelve month low of $14.62 and a twelve month high of $18.67. The company has a current ratio of 0.76, a quick ratio of 0.98 and a debt-to-equity ratio of 0.98.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $3.78 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. Research analysts forecast that Kinder Morgan Inc will post 1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Wednesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is 89.89%.
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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