Garrett Wealth Advisory Group LLC purchased a new position in shares of Kinder Morgan Inc (NYSE:KMI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,287 shares of the pipeline company’s stock, valued at approximately $68,000.
A number of other large investors have also modified their holdings of KMI. Vanguard Group Inc. raised its holdings in shares of Kinder Morgan by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 163,647,617 shares of the pipeline company’s stock valued at $3,416,963,000 after purchasing an additional 1,577,219 shares during the period. Northern Trust Corp raised its holdings in shares of Kinder Morgan by 4.4% in the 2nd quarter. Northern Trust Corp now owns 23,092,598 shares of the pipeline company’s stock valued at $482,174,000 after purchasing an additional 970,639 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Kinder Morgan by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,756,052 shares of the pipeline company’s stock valued at $412,506,000 after purchasing an additional 1,047,033 shares during the period. Energy Income Partners LLC raised its holdings in shares of Kinder Morgan by 4.9% in the 2nd quarter. Energy Income Partners LLC now owns 17,262,613 shares of the pipeline company’s stock valued at $360,443,000 after purchasing an additional 812,350 shares during the period. Finally, Charles Schwab Investment Advisory Inc. raised its holdings in shares of Kinder Morgan by 85.4% in the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 12,328,127 shares of the pipeline company’s stock valued at $257,411,000 after purchasing an additional 5,679,805 shares during the period. 61.76% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Dax Sanders sold 71,944 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total value of $1,442,477.20. Following the transaction, the vice president now owns 204,605 shares in the company, valued at approximately $4,102,330.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Deborah Macdonald purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average price of $19.91 per share, for a total transaction of $99,550.00. Following the purchase, the director now owns 30,328 shares in the company, valued at approximately $603,830.48. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 705,000 shares of company stock worth $14,007,550. 13.95% of the stock is owned by company insiders.
Shares of KMI opened at $20.02 on Friday. Kinder Morgan Inc has a 52 week low of $14.62 and a 52 week high of $21.50. The firm has a market cap of $45.43 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 4.18 and a beta of 0.81. The firm’s 50-day simple moving average is $20.42 and its 200 day simple moving average is $20.34. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.33 and a current ratio of 0.35.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). Kinder Morgan had a net margin of 15.21% and a return on equity of 6.25%. The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the company posted $0.21 EPS. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, equities analysts forecast that Kinder Morgan Inc will post 0.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.00 dividend on an annualized basis and a yield of 5.00%. Kinder Morgan’s dividend payout ratio (DPR) is currently 112.36%.
Kinder Morgan Profile
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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