Hanseatic Management Services Inc. acquired a new stake in Kinder Morgan Inc (NYSE:KMI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,054 shares of the pipeline company’s stock, valued at approximately $168,000.
Other hedge funds have also added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its holdings in Kinder Morgan by 54.6% during the first quarter. Clearbridge Investments LLC now owns 29,164,247 shares of the pipeline company’s stock valued at $583,577,000 after purchasing an additional 10,302,503 shares in the last quarter. Chickasaw Capital Management LLC lifted its holdings in Kinder Morgan by 244.4% during the first quarter. Chickasaw Capital Management LLC now owns 6,358,870 shares of the pipeline company’s stock valued at $127,241,000 after purchasing an additional 4,512,730 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Kinder Morgan by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock valued at $360,962,000 after purchasing an additional 1,758,792 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Kinder Morgan by 144.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,346,407 shares of the pipeline company’s stock valued at $46,952,000 after purchasing an additional 1,386,053 shares in the last quarter. Finally, Sabal Trust CO purchased a new position in Kinder Morgan during the first quarter valued at $25,141,000. 62.53% of the stock is currently owned by institutional investors and hedge funds.
Kinder Morgan stock opened at $20.62 on Thursday. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $21.50. The firm has a market capitalization of $47.29 billion, a PE ratio of 23.17, a P/E/G ratio of 4.35 and a beta of 0.85. The stock’s 50-day moving average price is $20.86. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 0.96.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Tuesday, July 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 112.36%.
In related news, insider Richard D. Kinder bought 177,542 shares of the stock in a transaction on Friday, May 10th. The stock was bought at an average price of $19.43 per share, with a total value of $3,449,641.06. Following the completion of the purchase, the insider now directly owns 240,579,496 shares in the company, valued at approximately $4,674,459,607.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard D. Kinder acquired 300,000 shares of the stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $19.53 per share, with a total value of $5,859,000.00. Following the purchase, the insider now owns 240,879,496 shares of the company’s stock, valued at approximately $4,704,376,556.88. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 977,542 shares of company stock valued at $19,106,641. 13.95% of the stock is currently owned by insiders.
Several equities analysts have issued reports on the stock. BMO Capital Markets downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a report on Monday. Johnson Rice assumed coverage on shares of Kinder Morgan in a report on Thursday, May 30th. They set a “hold” rating and a $21.00 price objective on the stock. Raymond James downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price objective on the stock. in a report on Wednesday, June 26th. Zacks Investment Research reiterated a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a research report on Saturday, June 29th. Finally, Stifel Nicolaus cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Kinder Morgan has a consensus rating of “Hold” and an average price target of $21.75.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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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