Unigestion Holding SA acquired a new stake in shares of Kinder Morgan Inc (NYSE:KMI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 38,440 shares of the pipeline company’s stock, valued at approximately $792,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centaurus Financial Inc. boosted its holdings in shares of Kinder Morgan by 866.1% during the 1st quarter. Centaurus Financial Inc. now owns 1,082 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 970 shares during the last quarter. SRS Capital Advisors Inc. bought a new position in shares of Kinder Morgan during the 2nd quarter valued at about $32,000. River & Mercantile Asset Management LLP bought a new position in shares of Kinder Morgan during the 2nd quarter valued at about $33,000. Bartlett & Co. LLC bought a new position in shares of Kinder Morgan during the 2nd quarter valued at about $37,000. Finally, Citizens Financial Group Inc RI boosted its holdings in shares of Kinder Morgan by 35.4% during the 3rd quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock valued at $39,000 after purchasing an additional 503 shares during the last quarter. 61.98% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:KMI traded down $0.01 during trading on Friday, reaching $20.03. The company’s stock had a trading volume of 11,788,886 shares, compared to its average volume of 13,679,343. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $46.48 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 4.29 and a beta of 0.80. Kinder Morgan Inc has a 12 month low of $14.62 and a 12 month high of $21.50. The firm’s 50 day simple moving average is $20.36 and its two-hundred day simple moving average is $20.39.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Wednesday, October 30th. Kinder Morgan’s payout ratio is currently 112.36%.
A number of research analysts recently commented on KMI shares. TD Securities started coverage on shares of Kinder Morgan in a report on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 price target for the company. Goldman Sachs Group downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Thursday, October 24th. Wolfe Research raised shares of Kinder Morgan from an “underperform” rating to a “peer perform” rating in a report on Thursday, August 22nd. Scotia Howard Weill started coverage on shares of Kinder Morgan in a report on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price target for the company. Finally, SunTrust Banks lowered their price target on shares of Kinder Morgan from $23.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $21.98.
In other news, insider Richard D. Kinder acquired 400,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of $19.95 per share, with a total value of $7,980,000.00. Following the completion of the purchase, the insider now directly owns 241,579,496 shares in the company, valued at $4,819,510,945.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Deborah Macdonald acquired 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average cost of $19.91 per share, with a total value of $99,550.00. Following the purchase, the director now owns 30,328 shares of the company’s stock, valued at $603,830.48. The disclosure for this purchase can be found here. In the last three months, insiders acquired 1,305,000 shares of company stock valued at $26,061,550. 13.95% of the stock is owned by insiders.
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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