BlueCrest Capital Management Ltd Purchases 173,730 Shares of Kinder Morgan Inc (KMI)

BlueCrest Capital Management Ltd raised its position in Kinder Morgan Inc (NYSE:KMI) by 296.8% in the 4th quarter, HoldingsChannel reports. The fund owned 232,272 shares of the pipeline company’s stock after purchasing an additional 173,730 shares during the period. BlueCrest Capital Management Ltd’s holdings in Kinder Morgan were worth $4,197,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Welch Investments LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth approximately $102,000. Valeo Financial Advisors LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth approximately $104,000. Sit Investment Associates Inc. grew its position in shares of Kinder Morgan by 237.1% during 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 acquired a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $126,000. Finally, Goodman Financial Corp acquired a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $126,000. 61.70% of the stock is owned by institutional investors.

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Shares of Kinder Morgan Inc (NYSE KMI) opened at $16.33 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $36,030.00, a price-to-earnings ratio of -30.24, a price-to-earnings-growth ratio of 1.64 and a beta of 0.62. Kinder Morgan Inc has a one year low of $15.86 and a one year high of $21.92.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. equities research analysts anticipate that Kinder Morgan Inc will post 0.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s payout ratio is -92.59%.

A number of analysts have recently weighed in on the stock. UBS Group reissued a “buy” rating and set a $26.00 price target (down previously from $28.00) on shares of Kinder Morgan in a research report on Friday, March 2nd. ValuEngine cut Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Credit Suisse Group set a $22.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. reduced their price objective on Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating on the stock in a research note on Monday, February 12th. Finally, Morgan Stanley reduced their price objective on Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $22.69.

In related news, Director William A. Smith bought 5,500 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were bought at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the purchase, the director now owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.99% of the company’s stock.

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Kinder Morgan Company 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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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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