Kinder Morgan, Inc. (KMI) Shares Sold by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. lessened its position in Kinder Morgan, Inc. (NYSE:KMI) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,483 shares of the pipeline company’s stock after selling 6,102 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Kinder Morgan were worth $1,007,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Bedrijfstakpensioenfonds Voor DE Media PNO raised its holdings in shares of Kinder Morgan by 12.6% in the 3rd quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 117,217 shares of the pipeline company’s stock valued at $2,248,000 after buying an additional 13,089 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Kinder Morgan by 3.7% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 512,776 shares of the pipeline company’s stock valued at $9,835,000 after buying an additional 18,479 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of Kinder Morgan by 5.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 769,817 shares of the pipeline company’s stock valued at $14,526,000 after buying an additional 37,925 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Kinder Morgan by 2.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 1,482,276 shares of the pipeline company’s stock valued at $28,430,000 after buying an additional 40,853 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Kinder Morgan by 1.3% in the 3rd quarter. Rhumbline Advisers now owns 3,342,367 shares of the pipeline company’s stock valued at $64,107,000 after buying an additional 41,297 shares during the period. Hedge funds and other institutional investors own 59.03% of the company’s stock.
Several equities research analysts recently issued reports on KMI shares. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price objective on shares of Kinder Morgan in a report on Friday, July 28th. Raymond James Financial, Inc. reiterated a “buy” rating on shares of Kinder Morgan in a report on Saturday, July 22nd. Stifel Nicolaus set a $25.00 price target on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, August 17th. SunTrust Banks, Inc. set a $23.00 price target on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $22.97.
Kinder Morgan, Inc. (NYSE:KMI) traded up $0.05 during trading hours on Friday, hitting $16.88. The stock had a trading volume of 2,910,379 shares, compared to its average volume of 11,375,714. The firm has a market cap of $37,630.00, a PE ratio of 26.20, a P/E/G ratio of 1.32 and a beta of 0.65. Kinder Morgan, Inc. has a twelve month low of $16.81 and a twelve month high of $23.01. The company has a current ratio of 0.42, a quick ratio of 0.35 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) EPS. research analysts forecast that Kinder Morgan, Inc. will post 0.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Tuesday, October 31st were given a $0.125 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.96%. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.29%.
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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