First Quadrant L P CA lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 16.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,954 shares of the pipeline company’s stock after selling 5,936 shares during the period. First Quadrant L P CA’s holdings in Kinder Morgan were worth $594,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in KMI. Cypress Asset Management Inc. TX boosted its holdings in Kinder Morgan by 12.4% in the first quarter. Cypress Asset Management Inc. TX now owns 75,342 shares of the pipeline company’s stock worth $1,638,000 after acquiring an additional 8,317 shares in the last quarter. Tahithromos L.L.C. bought a new position in Kinder Morgan in the first quarter worth approximately $3,573,000. Capital Planning Advisors LLC bought a new position in Kinder Morgan in the first quarter worth approximately $367,000. Sentry Investment Management LLC boosted its holdings in Kinder Morgan by 0.4% in the first quarter. Sentry Investment Management LLC now owns 151,289 shares of the pipeline company’s stock worth $3,289,000 after acquiring an additional 598 shares in the last quarter. Finally, Ngam Advisors L.P. boosted its holdings in Kinder Morgan by 31.0% in the first quarter. Ngam Advisors L.P. now owns 42,537 shares of the pipeline company’s stock worth $925,000 after acquiring an additional 10,067 shares in the last quarter. Institutional investors and hedge funds own 59.09% of the company’s stock.
Shares of Kinder Morgan, Inc. (KMI) opened at $17.74 on Friday. The company has a market capitalization of $39,617.68, a price-to-earnings ratio of 27.29, a P/E/G ratio of 1.38 and a beta of 0.65. Kinder Morgan, Inc. has a fifty-two week low of $17.59 and a fifty-two week high of $23.01. The company has a current ratio of 0.42, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.15. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. Kinder Morgan’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted ($0.10) earnings per share. analysts anticipate that Kinder Morgan, Inc. will post 0.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, October 30th. This represents a $0.50 dividend on an annualized basis and a yield of 2.82%. Kinder Morgan’s dividend payout ratio (DPR) is currently 89.29%.
Kinder Morgan announced that its Board of Directors has approved a share buyback program on Wednesday, July 19th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the pipeline company to repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
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KMI has been the topic of several recent research reports. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $25.00 price target on shares of Kinder Morgan in a report on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target on shares of Kinder Morgan in a report on Thursday, July 20th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a report on Saturday, July 22nd. Finally, Mizuho initiated coverage on Kinder Morgan in a report on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.03.
Kinder Morgan 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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