Intercontinental Wealth Advisors LLC purchased a new position in shares of Kinder Morgan Inc (NYSE:KMI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,841 shares of the pipeline company’s stock, valued at approximately $28,000.
Other large investors also recently bought and sold shares of the company. Bogart Wealth LLC boosted its stake in shares of Kinder Morgan by 51.5% during the 4th quarter. Bogart Wealth LLC now owns 2,597 shares of the pipeline company’s stock worth $39,000 after acquiring an additional 883 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Kinder Morgan by 6.2% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 15,840 shares of the pipeline company’s stock worth $244,000 after acquiring an additional 920 shares during the period. Avestar Capital LLC boosted its stake in shares of Kinder Morgan by 83.5% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 985 shares during the period. Sumitomo Life Insurance Co. boosted its stake in shares of Kinder Morgan by 1.6% during the 4th quarter. Sumitomo Life Insurance Co. now owns 63,994 shares of the pipeline company’s stock worth $984,000 after acquiring an additional 995 shares during the period. Finally, Cornerstone Advisors Inc. boosted its stake in shares of Kinder Morgan by 129.8% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 1,071 shares during the period. 60.83% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:KMI opened at $18.47 on Wednesday. The firm has a market cap of $40.50 billion, a PE ratio of 20.75, a P/E/G ratio of 2.47 and a beta of 0.89. The company has a quick ratio of 0.98, a current ratio of 0.76 and a debt-to-equity ratio of 0.98. Kinder Morgan Inc has a fifty-two week low of $14.62 and a fifty-two week high of $18.67.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.79 billion. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. On average, research analysts expect that Kinder Morgan Inc will post 0.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.33%. Kinder Morgan’s payout ratio is 89.89%.
In other Kinder Morgan news, insider Richard D. Kinder purchased 150,000 shares of the stock in a transaction dated Monday, February 4th. The stock was bought at an average price of $18.31 per share, with a total value of $2,746,500.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Richard D. Kinder purchased 100,000 shares of the stock in a transaction dated Thursday, January 31st. The shares were acquired at an average cost of $18.05 per share, with a total value of $1,805,000.00. Following the acquisition, the chairman now directly owns 235,427,613 shares in the company, valued at approximately $4,249,468,414.65. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 300,000 shares of company stock valued at $5,447,500. Corporate insiders own 14.16% of the company’s stock.
Several brokerages have recently commented on KMI. TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a research note on Wednesday, January 16th. Zacks Investment Research downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Argus restated a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a research note on Tuesday, January 22nd. Mizuho assumed coverage on Kinder Morgan in a research note on Wednesday, November 28th. They issued a “buy” rating and a $22.00 price target for the company. Finally, ValuEngine upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Kinder Morgan currently has an average rating of “Buy” and a consensus target price of $21.08.
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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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