Clear Perspective Advisors LLC Has $265,000 Position in Kinder Morgan, Inc. (KMI)
Clear Perspective Advisors LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 35.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,821 shares of the pipeline company’s stock after purchasing an additional 3,614 shares during the period. Clear Perspective Advisors LLC’s holdings in Kinder Morgan were worth $265,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Heritage Trust Co raised its position in Kinder Morgan by 457.7% during the second quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock valued at $101,000 after acquiring an additional 4,302 shares in the last quarter. Welch Investments LLC purchased a new position in Kinder Morgan during the third quarter valued at approximately $102,000. Fiduciary Trust Co. purchased a new stake in shares of Kinder Morgan in the second quarter valued at approximately $115,000. Acrospire Investment Management LLC increased its position in shares of Kinder Morgan by 30.7% in the second quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock valued at $131,000 after buying an additional 1,600 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Kinder Morgan by 14.0% in the second quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock valued at $136,000 after buying an additional 819 shares in the last quarter. Institutional investors own 60.88% of the company’s stock.
Several equities analysts have recently commented on KMI shares. BidaskClub lowered Kinder Morgan from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Stifel Nicolaus set a $25.00 target price on Kinder Morgan and gave the company a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Tuesday, September 5th. Finally, BMO Capital Markets set a $26.00 price objective on Kinder Morgan and gave the company a “buy” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.97.
Shares of Kinder Morgan, Inc. (KMI) traded down $0.05 during mid-day trading on Tuesday, reaching $17.20. 2,970,000 shares of the company’s stock traded hands, compared to its average volume of 13,670,000. The firm has a market cap of $38,410.00, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.35 and a beta of 0.62. Kinder Morgan, Inc. has a 12-month low of $16.68 and a 12-month high of $23.01. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.21 billion. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. Kinder Morgan’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.10) EPS. equities analysts expect that Kinder Morgan, Inc. will post 0.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is 89.29%.
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Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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