First National Trust Co lowered its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,808 shares of the pipeline company’s stock after selling 5,776 shares during the quarter. First National Trust Co’s holdings in Kinder Morgan were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of KMI. Renaissance Technologies LLC lifted its holdings in shares of Kinder Morgan by 133.5% during the second quarter. Renaissance Technologies LLC now owns 8,210,372 shares of the pipeline company’s stock worth $157,311,000 after purchasing an additional 4,694,441 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Kinder Morgan by 22.9% during the second quarter. Dimensional Fund Advisors LP now owns 11,901,548 shares of the pipeline company’s stock worth $228,029,000 after purchasing an additional 2,217,905 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Kinder Morgan by 307.5% during the third quarter. Mackenzie Financial Corp now owns 2,881,569 shares of the pipeline company’s stock worth $55,268,000 after purchasing an additional 2,174,518 shares during the period. Cohen & Steers Inc. raised its position in Kinder Morgan by 22.7% during the third quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock valued at $186,881,000 after acquiring an additional 1,801,348 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its position in Kinder Morgan by 11.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock valued at $266,767,000 after acquiring an additional 1,373,610 shares in the last quarter. 60.57% of the stock is currently owned by institutional investors.
Shares of Kinder Morgan Inc (NYSE KMI) traded up $0.44 during trading on Friday, hitting $17.24. The stock had a trading volume of 30,840,000 shares, compared to its average volume of 17,670,000. Kinder Morgan Inc has a twelve month low of $16.56 and a twelve month high of $22.70. The firm has a market cap of $38,500.00, a price-to-earnings ratio of 1,724.00, a PEG ratio of 1.17 and a beta of 0.56. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. research analysts expect that Kinder Morgan Inc will post 0.82 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.90%. Kinder Morgan’s dividend payout ratio is presently 5,000.00%.
In other news, Director William A. Smith acquired 5,500 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were purchased at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the acquisition, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Thomas A. Martin purchased 3,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average price of $17.10 per share, for a total transaction of $51,300.00. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by insiders.
KMI has been the subject of several recent research reports. Goldman Sachs Group cut Kinder Morgan from a “buy” rating to a “neutral” rating and lifted their price target for the company from $18.81 to $22.00 in a research report on Tuesday, October 17th. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Citigroup cut their price objective on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, October 17th. SunTrust Banks set a $23.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Mizuho reiterated a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.66.
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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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