Financial Advantage Inc. increased its stake in Kinder Morgan Inc (NYSE:KMI) by 1.1% in the 4th quarter, Holdings Channel reports. The firm owned 305,025 shares of the pipeline company’s stock after purchasing an additional 3,204 shares during the period. Kinder Morgan accounts for approximately 4.4% of Financial Advantage Inc.’s holdings, making the stock its 8th biggest position. Financial Advantage Inc.’s holdings in Kinder Morgan were worth $5,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Welch Investments LLC acquired a new stake in Kinder Morgan in the 3rd quarter worth approximately $102,000. Valeo Financial Advisors LLC acquired a new stake in Kinder Morgan in the 3rd quarter worth approximately $104,000. Sit Investment Associates Inc. lifted its holdings in Kinder Morgan by 237.1% in the 4th quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 4,730 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Kinder Morgan in the 4th quarter worth approximately $126,000. Finally, Goodman Financial Corp acquired a new stake in Kinder Morgan in the 4th quarter worth approximately $126,000. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Kinder Morgan Inc (KMI) opened at $17.24 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.44 and a quick ratio of 0.35. The company has a market capitalization of $39,510.00, a price-to-earnings ratio of 1,724.00, a P/E/G ratio of 1.14 and a beta of 0.56. Kinder Morgan Inc has a 12 month low of $16.56 and a 12 month high of $22.70.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. Kinder Morgan’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.08 earnings per share. research analysts predict that Kinder Morgan Inc will post 0.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.90%. Kinder Morgan’s payout ratio is 5,000.00%.

A number of brokerages have recently commented on KMI. Credit Suisse Group began coverage on Kinder Morgan in a report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price target for the company. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Wells Fargo & Co reiterated a “market perform” rating on shares of Kinder Morgan in a report on Thursday, January 11th. Bank of America began coverage on Kinder Morgan in a report on Tuesday, January 9th. They set a “neutral” rating for the company. Finally, Citigroup cut their price target on Kinder Morgan from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. Kinder Morgan has a consensus rating of “Hold” and a consensus price target of $22.66.

In other news, Director William A. Smith bought 5,500 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was acquired at an average cost of $19.52 per share, for a total transaction of $107,360.00. Following the completion of the purchase, the director now owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas A. Martin bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of $17.10 per share, with a total value of $51,300.00. The disclosure for this purchase can be found here. Corporate insiders own 13.99% of the company’s stock.

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Kinder Morgan 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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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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