Tower Research Capital LLC TRC raised its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 893.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,656 shares of the pipeline company’s stock after purchasing an additional 21,274 shares during the period. Tower Research Capital LLC TRC’s holdings in Kinder Morgan were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GW&K Investment Management LLC lifted its holdings in shares of Kinder Morgan by 0.3% in the 3rd quarter. GW&K Investment Management LLC now owns 1,804,178 shares of the pipeline company’s stock valued at $37,184,000 after acquiring an additional 4,663 shares during the last quarter. Gilbert & Cook Inc. lifted its stake in Kinder Morgan by 4.8% in the third quarter. Gilbert & Cook Inc. now owns 10,744 shares of the pipeline company’s stock worth $221,000 after purchasing an additional 494 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Kinder Morgan by 4.7% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 16,850 shares of the pipeline company’s stock worth $347,000 after purchasing an additional 756 shares during the last quarter. Whitnell & Co. increased its position in shares of Kinder Morgan by 7.1% during the third quarter. Whitnell & Co. now owns 37,900 shares of the pipeline company’s stock worth $781,000 after acquiring an additional 2,500 shares during the period. Finally, WealthTrust Axiom LLC increased its position in shares of Kinder Morgan by 90.3% during the third quarter. WealthTrust Axiom LLC now owns 88,003 shares of the pipeline company’s stock worth $1,813,000 after acquiring an additional 41,757 shares during the period. 61.53% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on KMI. SunTrust Banks cut their price objective on shares of Kinder Morgan from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Scotiabank started coverage on shares of Kinder Morgan in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 target price for the company. Wolfe Research upgraded shares of Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research note on Thursday, August 22nd. TD Securities assumed coverage on shares of Kinder Morgan in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price for the company. Finally, Barclays lowered their price objective on shares of Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $22.05.
NYSE:KMI traded up $0.09 during mid-day trading on Monday, hitting $20.05. 38,365 shares of the company’s stock traded hands, compared to its average volume of 12,834,426. The company has a market cap of $45.66 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 4.19 and a beta of 0.80. Kinder Morgan Inc has a 1 year low of $14.62 and a 1 year high of $21.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.29 and a current ratio of 0.35. The firm’s 50 day simple moving average is $20.26 and its 200 day simple moving average is $20.41.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, research analysts expect that Kinder Morgan Inc will post 0.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.99%. Kinder Morgan’s payout ratio is currently 112.36%.
In related news, VP Dax Sanders sold 71,944 shares of Kinder Morgan stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total value of $1,442,477.20. Following the completion of the sale, the vice president now owns 204,605 shares in the company, valued at $4,102,330.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas A. Martin sold 20,733 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $20.65, for a total transaction of $428,136.45. Following the sale, the vice president now owns 908,974 shares of the company’s stock, valued at approximately $18,770,313.10. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 1,100,000 shares of company stock valued at $22,065,000. Insiders own 13.95% of the company’s stock.
Kinder Morgan 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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