Kinder Morgan, Inc. (KMI) Shares Sold by Pentwater Capital Management LP
Pentwater Capital Management LP reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 74.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 205,000 shares of the pipeline company’s stock after selling 600,000 shares during the period. Pentwater Capital Management LP’s holdings in Kinder Morgan were worth $3,932,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Heritage Trust Co raised its holdings in Kinder Morgan by 457.7% during the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock worth $101,000 after buying an additional 4,302 shares during the period. Welch Investments LLC acquired a new stake in Kinder Morgan during the 3rd quarter worth approximately $102,000. Fiduciary Trust Co. acquired a new stake in Kinder Morgan during the 2nd quarter worth approximately $115,000. Parallel Advisors LLC raised its holdings in Kinder Morgan by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock worth $136,000 after buying an additional 819 shares during the period. Finally, Acrospire Investment Management LLC raised its holdings in Kinder Morgan by 30.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock worth $131,000 after buying an additional 1,600 shares during the period. Hedge funds and other institutional investors own 60.88% of the company’s stock.
Kinder Morgan, Inc. (NYSE KMI) traded up $0.43 during trading hours on Monday, hitting $17.79. 21,169,400 shares of the company traded hands, compared to its average volume of 11,603,802. Kinder Morgan, Inc. has a twelve month low of $16.68 and a twelve 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. The company has a market capitalization of $39,729.34, a PE ratio of 27.37, a PEG ratio of 1.38 and a beta of 0.62.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. Kinder Morgan had a net margin of 10.39% and a return on equity of 4.33%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. During the same period last year, the business earned ($0.10) earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. research analysts predict that Kinder Morgan, Inc. will post 0.64 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were paid a $0.125 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.81%. Kinder Morgan’s dividend payout ratio is presently 89.29%.
In other news, VP Thomas A. Martin bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, with a total value of $51,300.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.99% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on KMI shares. Morgan Stanley decreased their price target on shares of Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research note on Wednesday, November 15th. Stifel Nicolaus decreased their price target on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Mizuho reaffirmed a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research note on Friday, October 20th. Finally, SunTrust Banks set a $23.00 price target on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $22.97.
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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