Duff & Phelps Investment Management Co. increased its stake in Kinder Morgan Inc (NYSE:KMI) by 0.1% in the first quarter, Holdings Channel reports. The institutional investor owned 3,320,814 shares of the pipeline company’s stock after acquiring an additional 3,165 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Kinder Morgan were worth $66,449,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of KMI. Whitnell & Co. boosted its holdings in Kinder Morgan by 111.4% in the first quarter. Whitnell & Co. now owns 37,849 shares of the pipeline company’s stock worth $757,000 after purchasing an additional 19,949 shares during the period. Graybill Bartz & Assoc Ltd. boosted its holdings in Kinder Morgan by 1.8% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 206,206 shares of the pipeline company’s stock worth $4,126,000 after purchasing an additional 3,615 shares during the period. Avalon Advisors LLC boosted its holdings in Kinder Morgan by 2,266.1% in the first quarter. Avalon Advisors LLC now owns 727,692 shares of the pipeline company’s stock worth $14,561,000 after purchasing an additional 696,937 shares during the period. Roman Butler Fullerton & Co. acquired a new position in Kinder Morgan in the first quarter worth $200,000. Finally, Northern Oak Wealth Management Inc. boosted its holdings in Kinder Morgan by 58.5% in the first quarter. Northern Oak Wealth Management Inc. now owns 15,710 shares of the pipeline company’s stock worth $314,000 after purchasing an additional 5,800 shares during the period. Institutional investors and hedge funds own 64.93% of the company’s stock.
In related news, Director Deborah Macdonald acquired 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $19.89 per share, for a total transaction of $49,725.00. Following the completion of the purchase, the director now directly owns 25,328 shares in the company, valued at $503,773.92. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Richard D. Kinder acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The shares were bought at an average price of $17.92 per share, for a total transaction of $896,000.00. Following the completion of the purchase, the insider now owns 235,262,353 shares of the company’s stock, valued at $4,215,901,365.76. The disclosure for this purchase can be found here. In the last three months, insiders have bought 3,295,534 shares of company stock valued at $62,923,242. Corporate insiders own 13.95% of the company’s stock.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts predict that Kinder Morgan Inc will post 0.98 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.25 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.00 annualized dividend and a dividend yield of 4.99%. Kinder Morgan’s payout ratio is 89.89%.
A number of equities analysts have commented on the stock. Raymond James downgraded shares of Kinder Morgan from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, April 16th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded shares of Kinder Morgan from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $21.00 to $22.00 in a report on Friday, March 22nd. Goldman Sachs Group downgraded shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price objective for the company. in a report on Thursday, March 28th. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Jefferies Financial Group downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating and boosted their price target for the company from $19.00 to $20.00 in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Kinder Morgan currently has an average rating of “Buy” and a consensus price target of $21.82.
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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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