Paradigm Financial Advisors LLC lowered its stake in Kinder Morgan Inc (NYSE:KMI) by 22.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,541 shares of the pipeline company’s stock after selling 11,832 shares during the quarter. Paradigm Financial Advisors LLC’s holdings in Kinder Morgan were worth $718,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new position in shares of Kinder Morgan during the 2nd quarter worth $110,000. Westbourne Investment Advisors Inc. purchased a new position in shares of Kinder Morgan during the 3rd quarter worth $117,000. Blue Chip Partners Inc. purchased a new position in shares of Kinder Morgan during the 3rd quarter worth $128,000. Landaas & Co. WI ADV purchased a new position in shares of Kinder Morgan during the 2nd quarter worth $133,000. Finally, Capital Advantage Inc. purchased a new position in shares of Kinder Morgan during the 3rd quarter worth $142,000. 60.52% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Richard D. Kinder purchased 500,000 shares of the stock in a transaction that occurred on Thursday, September 27th. The stock was purchased at an average cost of $17.55 per share, for a total transaction of $8,775,000.00. Following the acquisition, the insider now owns 235,212,353 shares in the company, valued at $4,127,976,795.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.16% of the stock is currently owned by corporate insiders.
Shares of KMI opened at $17.53 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.98 and a current ratio of 1.05. The firm has a market capitalization of $38.61 billion, a P/E ratio of 20.59, a PEG ratio of 2.37 and a beta of 0.69. Kinder Morgan Inc has a twelve month low of $14.69 and a twelve month high of $19.83.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.57 billion. Kinder Morgan had a return on equity of 5.51% and a net margin of 0.78%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $0.15 EPS. Equities research analysts expect that Kinder Morgan Inc will post 0.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Tuesday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 121.21%.
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About Kinder Morgan
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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