Nan Shan Life Insurance Co. Ltd. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,789,255 shares of the pipeline company’s stock after buying an additional 127,350 shares during the period. Kinder Morgan accounts for approximately 1.1% of Nan Shan Life Insurance Co. Ltd.’s holdings, making the stock its 28th biggest holding. Nan Shan Life Insurance Co. Ltd. owned approximately 0.17% of Kinder Morgan worth $51,799,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Cowa LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $25,000. ForthRight Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Chiron Capital Management LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $25,000. Carmichael Hill & Associates Inc. raised its stake in Kinder Morgan by 86.2% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 2,164 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 1,002 shares during the period. Finally, Penbrook Management LLC acquired a new stake in Kinder Morgan during the fourth quarter worth about $32,000. 60.02% of the stock is owned by institutional investors.
KMI has been the subject of several recent analyst reports. Raymond James cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating in a research report on Monday, January 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of Kinder Morgan in a report on Thursday, December 3rd. They issued an “outperform” rating for the company. Tudor Pickering cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, January 8th. Barclays reiterated an “equal weight” rating and issued a $15.00 price objective (down from $16.00) on shares of Kinder Morgan in a report on Tuesday, January 12th. Finally, Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating and set a $16.00 target price for the company. in a report on Monday, January 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Kinder Morgan currently has an average rating of “Hold” and an average target price of $16.53.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Tuesday, January 19th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.06 billion. Kinder Morgan had a net margin of 1.02% and a return on equity of 6.07%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the business posted $0.26 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 0.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Monday, February 1st were paid a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date of this dividend was Friday, January 29th. Kinder Morgan’s dividend payout ratio is presently 110.53%.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
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