Avenir Corp Cuts Stake in Kinder Morgan Inc (KMI)

Avenir Corp cut its position in Kinder Morgan Inc (NYSE:KMI) by 37.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,040,203 shares of the pipeline company’s stock after selling 634,822 shares during the period. Kinder Morgan makes up approximately 1.7% of Avenir Corp’s portfolio, making the stock its 18th largest position. Avenir Corp’s holdings in Kinder Morgan were worth $18,796,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. IFM Investors Pty Ltd increased its holdings in shares of Kinder Morgan by 5.7% in the third quarter. IFM Investors Pty Ltd now owns 57,235 shares of the pipeline company’s stock valued at $1,098,000 after purchasing an additional 3,072 shares during the period. Callahan Advisors LLC grew its holdings in Kinder Morgan by 0.8% during the fourth quarter. Callahan Advisors LLC now owns 425,080 shares of the pipeline company’s stock worth $7,681,000 after acquiring an additional 3,198 shares during the period. Financial Advantage Inc. grew its holdings in Kinder Morgan by 1.1% during the fourth quarter. Financial Advantage Inc. now owns 305,025 shares of the pipeline company’s stock worth $5,512,000 after acquiring an additional 3,204 shares during the period. Beach Investment Counsel Inc. PA grew its holdings in Kinder Morgan by 2.5% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 141,681 shares of the pipeline company’s stock worth $2,560,000 after acquiring an additional 3,475 shares during the period. Finally, Graybill Bartz & Assoc Ltd. grew its holdings in Kinder Morgan by 2.7% during the fourth quarter. Graybill Bartz & Assoc Ltd. now owns 135,847 shares of the pipeline company’s stock worth $2,455,000 after acquiring an additional 3,585 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kinder Morgan Inc (NYSE:KMI) opened at $16.33 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.37. Kinder Morgan Inc has a 1-year low of $15.86 and a 1-year high of $21.92. The company has a market capitalization of $36,030.00, a P/E ratio of -30.24, a price-to-earnings-growth ratio of 1.66 and a beta of 0.62.

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

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

In other Kinder Morgan news, Director William A. Smith acquired 5,500 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were bought at an average cost of $19.52 per share, with a total value of $107,360.00. Following the completion of the acquisition, the director now owns 14,587 shares in the company, valued at $284,738.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.99% of the stock is currently owned by company insiders.

Several analysts recently commented on KMI shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $22.00 target price on shares of Kinder Morgan in a report on Wednesday, November 15th. Morgan Stanley dropped their target price on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, November 17th. Credit Suisse Group started coverage on Kinder Morgan in a report on Thursday, January 4th. They set an “outperform” rating and a $23.00 target price on the stock. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Bank of America started coverage on Kinder Morgan in a report on Tuesday, January 9th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Kinder Morgan presently has an average rating of “Hold” and a consensus price target of $22.69.

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

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