NTV Asset Management LLC trimmed its position in Kinder Morgan Inc (NYSE:KMI) by 17.9% in the 4th quarter, HoldingsChannel reports. The fund owned 17,647 shares of the pipeline company’s stock after selling 3,856 shares during the quarter. NTV Asset Management LLC’s holdings in Kinder Morgan were worth $319,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. North Star Asset Management Inc. boosted its stake in Kinder Morgan by 0.6% in the second quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after acquiring an additional 61 shares in the last quarter. Krilogy Financial LLC boosted its stake in Kinder Morgan by 8.6% in the second quarter. Krilogy Financial LLC now owns 13,536 shares of the pipeline company’s stock valued at $259,000 after acquiring an additional 1,067 shares in the last quarter. Sentry Investment Management LLC boosted its stake in Kinder Morgan by 1.0% in the second quarter. Sentry Investment Management LLC now owns 152,821 shares of the pipeline company’s stock valued at $2,928,000 after acquiring an additional 1,532 shares in the last quarter. Linscomb & Williams Inc. boosted its stake in Kinder Morgan by 3.4% in the second quarter. Linscomb & Williams Inc. now owns 52,156 shares of the pipeline company’s stock valued at $999,000 after acquiring an additional 1,692 shares in the last quarter. Finally, Paradigm Financial Advisors LLC boosted its stake in Kinder Morgan by 2.8% in the second quarter. Paradigm Financial Advisors LLC now owns 77,361 shares of the pipeline company’s stock valued at $1,482,000 after acquiring an additional 2,082 shares in the last quarter. Institutional investors own 60.57% of the company’s stock.
In other Kinder Morgan news, VP Thomas A. Martin bought 3,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of $17.10 per share, with a total value of $51,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William A. Smith acquired 5,500 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was purchased at an average cost of $19.52 per share, with a total value of $107,360.00. Following the acquisition, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The disclosure for this purchase can be found here. Company insiders own 13.99% of the company’s stock.
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 firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.89%. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.
KMI has been the subject of several recent analyst reports. SunTrust Banks set a $23.00 target price on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 19th. BMO Capital Markets set a $26.00 target price on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 12th. Stifel Nicolaus lowered their target price on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a report on Monday, January 29th. They noted that the move was a valuation call. Finally, Mizuho reaffirmed a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $22.72.
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About Kinder Morgan
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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