Bp Plc raised its position in Kinder Morgan Inc (NYSE:KMI) by 77.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 435,000 shares of the pipeline company’s stock after purchasing an additional 190,000 shares during the quarter. Bp Plc’s holdings in Kinder Morgan were worth $6,686,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quad Cities Investment Group LLC raised its stake in shares of Kinder Morgan by 49.7% in the 4th quarter. Quad Cities Investment Group LLC now owns 25,962 shares of the pipeline company’s stock valued at $400,000 after purchasing an additional 8,617 shares during the period. Dean Investment Associates LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $3,301,000. Cerity Partners LLC raised its stake in shares of Kinder Morgan by 6.0% in the 4th quarter. Cerity Partners LLC now owns 28,807 shares of the pipeline company’s stock valued at $443,000 after purchasing an additional 1,638 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of Kinder Morgan by 12.4% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 432,386 shares of the pipeline company’s stock valued at $6,650,000 after purchasing an additional 47,660 shares during the period. Finally, River Road Asset Management LLC raised its stake in shares of Kinder Morgan by 354.1% in the 4th quarter. River Road Asset Management LLC now owns 3,948,811 shares of the pipeline company’s stock valued at $60,733,000 after purchasing an additional 3,079,206 shares during the period. 61.17% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on KMI. ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Mizuho started coverage on Kinder Morgan in a research note on Wednesday, November 28th. They issued a “buy” rating and a $22.00 price target on the stock. Evercore ISI started coverage on Kinder Morgan in a research report on Tuesday, February 5th. They issued an “outperform” rating on the stock. Finally, Argus reaffirmed a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a research report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Kinder Morgan currently has a consensus rating of “Buy” and a consensus price target of $21.08.
NYSE:KMI opened at $18.74 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.98 and a current ratio of 0.76. The stock has a market capitalization of $40.77 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.41 and a beta of 0.89. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $18.79.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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%. Kinder Morgan’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, analysts anticipate that Kinder Morgan Inc will post 1 earnings per share for the current year.
The firm 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 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Wednesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.89%.
In other Kinder Morgan news, insider Richard D. Kinder purchased 50,000 shares of the stock in a transaction on Tuesday, January 29th. The shares were purchased at an average price of $17.92 per share, with a total value of $896,000.00. Following the completion of the transaction, the insider now directly owns 235,262,353 shares in the company, valued at $4,215,901,365.76. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard D. Kinder purchased 150,000 shares of the stock in a transaction on Monday, February 4th. The shares were acquired at an average cost of $18.31 per share, for a total transaction of $2,746,500.00. Following the transaction, the insider now owns 235,777,613 shares of the company’s stock, valued at $4,317,088,094.03. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 900,000 shares of company stock worth $16,321,500. Company insiders own 14.16% of the company’s stock.
Kinder Morgan 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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