GW&K Investment Management LLC increased its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,804,178 shares of the pipeline company’s stock after purchasing an additional 4,663 shares during the quarter. GW&K Investment Management LLC’s holdings in Kinder Morgan were worth $37,184,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. SRS Capital Advisors Inc. acquired a new position in Kinder Morgan during the 2nd quarter worth $32,000. River & Mercantile Asset Management LLP acquired a new position in Kinder Morgan during the 2nd quarter worth $33,000. Bartlett & Co. LLC acquired a new position in Kinder Morgan during the 2nd quarter worth $37,000. Citizens Financial Group Inc RI grew its stake in Kinder Morgan by 35.4% during the 3rd quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock worth $39,000 after purchasing an additional 503 shares in the last quarter. Finally, Atwater Malick LLC acquired a new position in Kinder Morgan during the 3rd quarter worth $40,000. 61.98% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on KMI. ValuEngine cut Kinder Morgan from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Goldman Sachs Group cut Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research report on Thursday, October 24th. SunTrust Banks lowered their price objective on Kinder Morgan from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Scotia Howard Weill began coverage on Kinder Morgan in a research report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price objective for the company. Finally, BMO Capital Markets cut Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. Kinder Morgan currently has an average rating of “Hold” and a consensus target price of $21.98.
Shares of NYSE KMI traded down $0.01 during trading hours on Friday, reaching $20.03. The stock had a trading volume of 11,788,886 shares, compared to its average volume of 13,679,343. The firm has a market cap of $46.48 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.29 and a beta of 0.80. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.93. Kinder Morgan Inc has a fifty-two week low of $14.62 and a fifty-two week high of $21.50. The firm has a 50-day moving average of $20.36 and a 200-day moving average of $20.39.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.51 billion. Kinder Morgan had a net margin of 15.21% and a return on equity of 6.25%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. On average, equities analysts predict that Kinder Morgan Inc will post 0.96 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.25 dividend. The ex-dividend date is Wednesday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.99%. Kinder Morgan’s dividend payout ratio (DPR) is presently 112.36%.
In other news, insider Richard D. Kinder bought 400,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of $19.95 per share, with a total value of $7,980,000.00. Following the transaction, the insider now directly owns 241,579,496 shares in the company, valued at $4,819,510,945.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas A. Martin sold 20,733 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $20.65, for a total value of $428,136.45. Following the completion of the sale, the vice president now directly owns 908,974 shares of the company’s stock, valued at $18,770,313.10. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,305,000 shares of company stock valued at $26,061,550. Insiders own 13.95% of the company’s stock.
About Kinder Morgan
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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