Whitnell & Co. grew its stake in Kinder Morgan Inc (NYSE:KMI) by 1,697.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,900 shares of the pipeline company’s stock after purchasing an additional 16,904 shares during the period. Whitnell & Co.’s holdings in Kinder Morgan were worth $275,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in KMI. Atria Investments LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth approximately $340,000. Sheets Smith Wealth Management purchased a new stake in Kinder Morgan in the 3rd quarter worth approximately $560,000. Callahan Advisors LLC lifted its stake in Kinder Morgan by 17.8% in the 3rd quarter. Callahan Advisors LLC now owns 549,470 shares of the pipeline company’s stock worth $9,742,000 after purchasing an additional 83,165 shares in the last quarter. Mcrae Capital Management Inc. lifted its stake in Kinder Morgan by 29.4% in the 3rd quarter. Mcrae Capital Management Inc. now owns 222,989 shares of the pipeline company’s stock worth $3,954,000 after purchasing an additional 50,600 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in shares of Kinder Morgan in the 3rd quarter worth $164,000. 61.17% of the stock is currently owned by institutional investors and hedge funds.
In related news, Chairman Richard D. Kinder bought 100,000 shares of the company’s stock in a transaction dated Thursday, January 31st. The stock was purchased at an average cost of $18.05 per share, with a total value of $1,805,000.00. Following the transaction, the chairman now owns 235,427,613 shares in the company, valued at approximately $4,249,468,414.65. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard D. Kinder bought 150,000 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was bought at an average cost of $18.31 per share, with a total value of $2,746,500.00. Following the completion of the transaction, the insider now owns 235,777,613 shares in the company, valued at approximately $4,317,088,094.03. The disclosure for this purchase can be found here. Insiders have acquired a total of 700,000 shares of company stock valued at $12,643,500 in the last three months. 14.16% of the stock is currently owned by corporate insiders.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. Sell-side analysts expect that Kinder Morgan Inc will post 1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, January 30th. This represents a $0.80 annualized dividend and a yield of 4.35%. Kinder Morgan’s payout ratio is currently 89.89%.
A number of equities analysts have recently commented on KMI shares. TheStreet raised shares of Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 16th. Jefferies Financial Group raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Mizuho started coverage on shares of Kinder Morgan in a report on Wednesday, November 28th. They issued a “buy” rating and a $22.00 price target on the stock. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Wednesday, October 24th. Finally, Argus reissued a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Kinder Morgan has a consensus rating of “Buy” and an average target price of $21.08.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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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