HL Financial Services LLC lessened its position in shares of Kinder Morgan Inc (NYSE:KMI) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,034 shares of the pipeline company’s stock after selling 6,607 shares during the quarter. HL Financial Services LLC’s holdings in Kinder Morgan were worth $814,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Welch Investments LLC purchased a new stake in Kinder Morgan in the third quarter worth about $102,000. Valeo Financial Advisors LLC purchased a new stake in Kinder Morgan in the third quarter worth about $104,000. Sit Investment Associates Inc. increased its position in Kinder Morgan by 237.1% in the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after buying an additional 4,730 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Kinder Morgan in the fourth quarter worth about $126,000. Finally, Syntal Capital Partners LLC purchased a new stake in Kinder Morgan in the fourth quarter worth about $181,000. Institutional investors own 60.57% of the company’s stock.
KMI has been the subject of a number of analyst reports. SunTrust Banks set a $23.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 19th. BMO Capital Markets set a $26.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 12th. Stifel Nicolaus reduced their price target on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, Mizuho restated a “hold” rating and issued a $22.00 price target on shares of Kinder Morgan in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.72.
Kinder Morgan Inc (KMI) opened at $16.81 on Tuesday. The firm has a market capitalization of $39,081.70, a PE ratio of 26.12, a PEG ratio of 1.19 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35. Kinder Morgan Inc has a one year low of $16.57 and a one year high of $22.97.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. research analysts forecast that Kinder Morgan Inc will post 0.82 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Tuesday, January 30th. Kinder Morgan’s payout ratio is presently 5,000.00%.
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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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