Stonegate Investment Group LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,103 shares of the pipeline company’s stock, valued at approximately $525,000.
Several other institutional investors have also added to or reduced their stakes in KMI. EverSource Wealth Advisors LLC bought a new position in Kinder Morgan during the 4th quarter valued at $26,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Kinder Morgan by 237.8% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,054 shares of the pipeline company’s stock worth $33,000 after purchasing an additional 1,446 shares during the period. Curi Wealth Management LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $33,000. Evoke Wealth LLC grew its stake in shares of Kinder Morgan by 628.9% in the fourth quarter. Evoke Wealth LLC now owns 2,143 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 1,849 shares during the last quarter. Finally, Sittner & Nelson LLC boosted its stake in shares of Kinder Morgan by 1,750.0% in the 3rd quarter. Sittner & Nelson LLC now owns 3,700 shares of the pipeline company’s stock valued at $62,000 after purchasing an additional 3,500 shares in the last quarter. 58.53% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on KMI shares. TD Securities upped their price objective on Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. Wells Fargo & Company upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $21.00 price objective for the company in a research note on Thursday, April 28th. StockNews.com began coverage on Kinder Morgan in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley lifted their price objective on Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 20th. Finally, Wolfe Research cut Kinder Morgan from a “peer perform” rating to an “underperform” rating and lifted their price objective for the company from $17.00 to $18.00 in a research note on Monday, April 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.78.
Kinder Morgan (NYSE:KMI – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. Kinder Morgan had a net margin of 6.64% and a return on equity of 7.51%. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 17.6% on a year-over-year basis. Research analysts anticipate that Kinder Morgan, Inc. will post 1.11 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Monday, May 2nd were issued a dividend of $0.2775 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.27. This represents a $1.11 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend was Friday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is 246.67%.
In other Kinder Morgan news, VP Dax Sanders sold 91,129 shares of the firm’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $19.51, for a total value of $1,777,926.79. Following the sale, the vice president now owns 204,105 shares of the company’s stock, valued at approximately $3,982,088.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Friday, March 25th. The stock was sold at an average price of $18.34, for a total value of $27,510.00. The disclosure for this sale can be found here. Insiders have sold a total of 94,129 shares of company stock valued at $1,833,202 over the last ninety days. Company insiders own 12.51% of the company’s stock.
Kinder Morgan Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Kinder Morgan (KMI)
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