Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Kinder Morgan Inc (NYSE:KMI) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 655,223 shares of the pipeline company’s stock after acquiring an additional 13,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Kinder Morgan were worth $13,681,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Cullen Frost Bankers Inc. increased its stake in Kinder Morgan by 0.5% in the first quarter. Cullen Frost Bankers Inc. now owns 114,016 shares of the pipeline company’s stock valued at $2,282,000 after purchasing an additional 520 shares during the last quarter. Victory Capital Management Inc. increased its stake in Kinder Morgan by 1.9% in the first quarter. Victory Capital Management Inc. now owns 28,517 shares of the pipeline company’s stock valued at $571,000 after purchasing an additional 530 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Kinder Morgan by 0.6% in the first quarter. Capital Investment Advisors LLC now owns 92,693 shares of the pipeline company’s stock valued at $1,855,000 after purchasing an additional 543 shares during the last quarter. We Are One Seven LLC increased its stake in Kinder Morgan by 5.2% in the first quarter. We Are One Seven LLC now owns 11,543 shares of the pipeline company’s stock valued at $230,000 after purchasing an additional 570 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in Kinder Morgan by 1.5% in the first quarter. HighPoint Advisor Group LLC now owns 40,257 shares of the pipeline company’s stock valued at $787,000 after purchasing an additional 580 shares during the last quarter. 62.59% of the stock is currently owned by hedge funds and other institutional investors.
In other Kinder Morgan news, insider Richard D. Kinder bought 300,000 shares of Kinder Morgan stock in a transaction on Wednesday, May 29th. The stock was bought at an average price of $19.68 per share, with a total value of $5,904,000.00. Following the completion of the acquisition, the insider now owns 241,179,496 shares in the company, valued at $4,746,412,481.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard D. Kinder bought 200,000 shares of Kinder Morgan stock in a transaction on Monday, April 29th. The stock was acquired at an average cost of $19.89 per share, with a total value of $3,978,000.00. Following the acquisition, the insider now owns 239,801,954 shares of the company’s stock, valued at approximately $4,769,660,865.06. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,577,542 shares of company stock valued at $30,896,641. 13.95% of the stock is owned by corporate insiders.
NYSE:KMI traded up $0.27 during midday trading on Friday, reaching $20.85. The stock had a trading volume of 362,549 shares, compared to its average volume of 10,758,792. The business’s fifty day simple moving average is $20.89. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $21.50. The company has a current ratio of 0.41, a quick ratio of 0.37 and a debt-to-equity ratio of 0.96. The stock has a market cap of $46.75 billion, a PE ratio of 23.43, a P/E/G ratio of 4.30 and a beta of 0.85.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the business earned $0.20 earnings per share. The business’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Kinder Morgan Inc will post 0.96 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a $0.25 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. Kinder Morgan’s dividend payout ratio (DPR) is 112.36%.
KMI has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on shares of Mondelez International from $48.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, June 17th. Johnson Rice initiated coverage on shares of Enterprise Products Partners in a research note on Thursday, May 30th. They issued a “buy” rating and a $35.00 price target on the stock. Goldman Sachs Group upgraded shares of Bright Scholar Education Holdngs from a “neutral” rating to a “buy” rating and set a $10.28 price target on the stock in a research note on Thursday, March 28th. Raymond James initiated coverage on shares of Planet Fitness in a research report on Wednesday, June 26th. They set an “outperform” rating and a $80.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on shares of T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.73.
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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