Personal Capital Advisors Corp increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,267,062 shares of the pipeline company’s stock after purchasing an additional 97,299 shares during the quarter. Personal Capital Advisors Corp owned 0.14% of Kinder Morgan worth $61,780,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Qube Research & Technologies Ltd lifted its holdings in Kinder Morgan by 456.9% during the 4th quarter. Qube Research & Technologies Ltd now owns 802,174 shares of the pipeline company’s stock worth $12,722,000 after buying an additional 658,125 shares during the last quarter. Paradigm Financial Partners LLC purchased a new stake in Kinder Morgan during the 4th quarter worth about $597,000. Confluence Wealth Services Inc. purchased a new stake in Kinder Morgan during the 4th quarter worth about $291,000. Regal Investment Advisors LLC lifted its holdings in Kinder Morgan by 1.4% during the 4th quarter. Regal Investment Advisors LLC now owns 52,047 shares of the pipeline company’s stock worth $825,000 after buying an additional 705 shares during the last quarter. Finally, Oarsman Capital Inc. purchased a new stake in Kinder Morgan during the 4th quarter worth about $169,000. 61.12% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
KMI has been the subject of a number of recent analyst reports. Barclays lifted their price target on Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 16th. Wells Fargo & Company reduced their target price on Kinder Morgan to $20.00 and set an “equal weight” rating for the company in a report on Friday, May 20th. The Goldman Sachs Group raised Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price for the company in a report on Wednesday. US Capital Advisors reissued a “hold” rating on shares of Kinder Morgan in a report on Wednesday, June 1st. Finally, UBS Group upped their price objective on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.00.
Kinder Morgan Stock Performance
Kinder Morgan (NYSE:KMI – Get Rating) last released its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 63.5% on a year-over-year basis. Research analysts expect that Kinder Morgan, Inc. will post 1.2 EPS for the current year.
Kinder Morgan Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Monday, August 1st were given a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Friday, July 29th. Kinder Morgan’s payout ratio is 103.74%.
Insiders Place Their Bets
In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total transaction of $28,755.00. Following the transaction, the vice president now owns 27,219 shares in the company, valued at approximately $521,788.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $19.17, for a total value of $28,755.00. Following the sale, the vice president now owns 27,219 shares in the company, valued at approximately $521,788.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the sale, the vice president now owns 28,719 shares in the company, valued at approximately $516,942. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by insiders.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
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