Pacer Advisors Inc. Grows Position in Kinder Morgan, Inc. (KMI)
Pacer Advisors Inc. lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,287 shares of the pipeline company’s stock after acquiring an additional 4,748 shares during the period. Pacer Advisors Inc.’s holdings in Kinder Morgan were worth $965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Point View Wealth Management Inc. acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $281,000. AE Wealth Management LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $238,000. Nichols & Pratt Advisers LLP MA increased its position in shares of Kinder Morgan by 57.5% in the 3rd quarter. Nichols & Pratt Advisers LLP MA now owns 607,549 shares of the pipeline company’s stock valued at $11,649,000 after acquiring an additional 221,835 shares during the period. Catalyst Capital Advisors LLC increased its position in shares of Kinder Morgan by 27.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 772,371 shares of the pipeline company’s stock valued at $14,814,000 after acquiring an additional 165,200 shares during the period. Finally, Cipher Capital LP increased its position in shares of Kinder Morgan by 51.3% in the 3rd quarter. Cipher Capital LP now owns 88,172 shares of the pipeline company’s stock valued at $1,691,000 after acquiring an additional 29,904 shares during the period. 59.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kinder Morgan, Inc. (NYSE:KMI) opened at $17.19 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.42. Kinder Morgan, Inc. has a 12 month low of $16.70 and a 12 month high of $23.01. The stock has a market cap of $38,188.41, a PE ratio of 26.31, a PEG ratio of 1.33 and a beta of 0.65.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $3.21 billion. During the same period in the prior year, the company posted ($0.10) EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. research analysts predict that Kinder Morgan, Inc. will post 0.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s payout ratio is currently 89.29%.
KMI has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 price target on shares of Kinder Morgan in a report on Friday, July 28th. BidaskClub lowered shares of Kinder Morgan from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Stifel Nicolaus set a $25.00 price target on shares of Kinder Morgan and gave the company a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Kinder Morgan in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Kinder Morgan currently has an average rating of “Hold” and an average target price of $22.97.
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About Kinder Morgan
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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