Sumitomo Mitsui DS Asset Management Company Ltd Increases Stake in Kinder Morgan Inc (NYSE:KMI)
Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 288,919 shares of the pipeline company’s stock after buying an additional 24,597 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kinder Morgan were worth $6,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Simon Quick Advisors LLC lifted its stake in shares of Kinder Morgan by 22.6% in the fourth quarter. Simon Quick Advisors LLC now owns 2,574 shares of the pipeline company’s stock worth $54,000 after buying an additional 474 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in shares of Kinder Morgan by 4.8% in the third quarter. Gilbert & Cook Inc. now owns 10,744 shares of the pipeline company’s stock worth $221,000 after buying an additional 494 shares in the last quarter. Citizens Financial Group Inc RI lifted its stake in shares of Kinder Morgan by 35.4% in the third quarter. Citizens Financial Group Inc RI now owns 1,923 shares of the pipeline company’s stock worth $39,000 after buying an additional 503 shares in the last quarter. Lantz Financial LLC lifted its position in Kinder Morgan by 0.6% during the third quarter. Lantz Financial LLC now owns 78,779 shares of the pipeline company’s stock valued at $1,589,000 after purchasing an additional 504 shares during the period. Finally, LS Investment Advisors LLC lifted its position in Kinder Morgan by 0.8% during the third quarter. LS Investment Advisors LLC now owns 68,613 shares of the pipeline company’s stock valued at $1,414,000 after purchasing an additional 522 shares during the period. Institutional investors own 62.15% of the company’s stock.
In other Kinder Morgan news, Chairman Richard D. Kinder bought 300,000 shares of Kinder Morgan stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of $20.17 per share, with a total value of $6,051,000.00. Following the completion of the acquisition, the chairman now owns 242,179,496 shares in the company, valued at $4,884,760,434.32. 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 sold 20,733 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $20.65, for a total transaction of $428,136.45. Following the sale, the vice president now directly owns 908,974 shares of the company’s stock, valued at $18,770,313.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,459,624 shares of company stock valued at $29,187,827. 13.95% of the stock is owned by corporate insiders.
KMI stock traded down $0.24 during midday trading on Friday, reaching $21.53. 9,791,178 shares of the company’s stock traded hands, compared to its average volume of 10,327,336. Kinder Morgan Inc has a 52-week low of $17.19 and a 52-week high of $21.88. The stock has a market cap of $47.47 billion, a P/E ratio of 22.42, a PEG ratio of 4.23 and a beta of 0.80. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average is $20.92 and its 200 day moving average is $20.49.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.26. Kinder Morgan had a net margin of 16.58% and a return on equity of 6.27%. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was down 11.3% on a year-over-year basis. As a group, research analysts expect that Kinder Morgan Inc will post 0.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, January 31st. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. Kinder Morgan’s dividend payout ratio is currently 105.26%.
Kinder Morgan Profile
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 storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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