Doyle Wealth Management acquired a new position in Kinder Morgan Inc (NYSE:KMI) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,922 shares of the pipeline company’s stock, valued at approximately $60,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. First Hawaiian Bank bought a new position in shares of Kinder Morgan in the 3rd quarter valued at about $164,000. Fisher Asset Management LLC bought a new position in Kinder Morgan during the third quarter worth about $184,000. Massachusetts Financial Services Co. MA lifted its position in Kinder Morgan by 8.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,600,020 shares of the pipeline company’s stock worth $46,099,000 after acquiring an additional 198,608 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Kinder Morgan by 37.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 574,934 shares of the pipeline company’s stock valued at $10,193,000 after buying an additional 157,044 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Kinder Morgan by 83.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 20,266 shares of the pipeline company’s stock valued at $360,000 after buying an additional 9,198 shares in the last quarter. Institutional investors own 63.89% of the company’s stock.
In other news, insider Richard D. Kinder acquired 300,000 shares of Kinder Morgan stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of $19.66 per share, with a total value of $5,898,000.00. Following the transaction, the insider now owns 238,500,393 shares of the company’s stock, valued at approximately $4,688,917,726.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah Macdonald acquired 2,500 shares of Kinder Morgan stock in a transaction on Tuesday, March 12th. The stock was purchased at an average cost of $19.89 per share, with a total value of $49,725.00. Following the completion of the transaction, the director now directly owns 25,328 shares in the company, valued at approximately $503,773.92. The disclosure for this purchase can be found here. Insiders acquired a total of 2,521,612 shares of company stock valued at $47,637,339 over the last ninety days. 14.16% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on KMI shares. Evercore ISI initiated coverage on shares of Kinder Morgan in a research report on Tuesday, February 5th. They issued an “outperform” rating for the company. Jefferies Financial Group raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Wolfe Research cut shares of Kinder Morgan from a “market perform” rating to an “underperform” rating in a research note on Monday, November 26th. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday. Finally, ValuEngine raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Kinder Morgan presently has a consensus rating of “Buy” and an average target price of $20.87.
Shares of NYSE KMI opened at $19.98 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98. Kinder Morgan Inc has a 1-year low of $14.62 and a 1-year high of $20.08. The stock has a market cap of $44.08 billion, a PE ratio of 22.45, a P/E/G ratio of 2.65 and a beta of 0.96.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan Inc will post 1 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Wednesday, January 30th. Kinder Morgan’s payout ratio is 89.89%.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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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