Old Mutual Global Investors UK Ltd. purchased a new position in Kinder Morgan Inc (NYSE:KMI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 242,815 shares of the pipeline company’s stock, valued at approximately $4,387,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Welch Investments LLC purchased a new position in shares of Kinder Morgan in the third quarter worth $102,000. Valeo Financial Advisors LLC purchased a new position in shares of Kinder Morgan in the third quarter worth $104,000. Sit Investment Associates Inc. raised its holdings in shares of Kinder Morgan by 237.1% in the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after buying an additional 4,730 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $126,000. Finally, Goodman Financial Corp purchased a new position in shares of Kinder Morgan in the fourth quarter worth $126,000. 60.42% of the stock is owned by institutional investors and hedge funds.
In other news, Director William A. Smith acquired 5,500 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was bought at an average price of $19.52 per share, with a total value of $107,360.00. Following the completion of the acquisition, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas A. Martin acquired 3,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was purchased at an average cost of $17.10 per share, with a total value of $51,300.00. The disclosure for this purchase can be found here. 13.99% of the stock is currently owned by insiders.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter last year, the company posted $0.08 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. analysts forecast that Kinder Morgan Inc will post 0.82 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.89%. Kinder Morgan’s payout ratio is 5,000.00%.
KMI has been the subject of a number of research analyst reports. Credit Suisse Group set a $22.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada reaffirmed a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a report on Wednesday, November 15th. Morgan Stanley decreased their price target on shares of Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a report on Thursday, January 11th. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a report on Tuesday, January 9th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.50.
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Kinder Morgan Company Profile
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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