Chicago Capital LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,827 shares of the pipeline company’s stock, valued at approximately $214,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. Finally, Planning Capital Management Corp raised its position in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.
Insiders Place Their Bets
In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 55,121 shares of company stock valued at $1,497,000 in the last ninety days. Insiders own 12.81% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Research Report on KMI
Kinder Morgan Stock Performance
Shares of KMI opened at $27.59 on Tuesday. The stock has a 50-day simple moving average of $27.97 and a 200-day simple moving average of $24.76. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The stock has a market capitalization of $61.29 billion, a PE ratio of 23.58, a PEG ratio of 3.12 and a beta of 0.94.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, analysts predict that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.
Kinder Morgan Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
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