Hudock Capital Group LLC reduced its position in shares of Kinder Morgan Inc. (NYSE:KMI) by 1.1% during the third quarter, Holdings Channel reports. The firm owned 5,333 shares of the company’s stock after selling 61 shares during the period. Hudock Capital Group LLC’s holdings in Kinder Morgan were worth $123,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of KMI. Fairfield Bush & CO. boosted its position in shares of Kinder Morgan by 0.3% in the second quarter. Fairfield Bush & CO. now owns 31,950 shares of the company’s stock worth $598,000 after buying an additional 80 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Kinder Morgan by 3.4% in the third quarter. Quadrant Capital Group LLC now owns 5,593 shares of the company’s stock worth $119,000 after buying an additional 182 shares during the period. Ngam Advisors L.P. boosted its position in shares of Kinder Morgan by 0.7% in the second quarter. Ngam Advisors L.P. now owns 27,744 shares of the company’s stock worth $519,000 after buying an additional 184 shares during the period. CapWealth Advisors LLC boosted its position in shares of Kinder Morgan by 1.5% in the second quarter. CapWealth Advisors LLC now owns 16,134 shares of the company’s stock worth $302,000 after buying an additional 243 shares during the period. Finally, Ronna Sue Cohen boosted its position in shares of Kinder Morgan by 0.5% in the third quarter. Ronna Sue Cohen now owns 52,817 shares of the company’s stock worth $1,222,000 after buying an additional 256 shares during the period. 54.99% of the stock is owned by institutional investors.
Kinder Morgan Inc. (NYSE:KMI) traded up 0.05% during midday trading on Friday, reaching $21.81. 3,613,468 shares of the company traded hands. Kinder Morgan Inc. has a 12 month low of $11.20 and a 12 month high of $24.09. The stock’s market capitalization is $48.69 billion. The firm has a 50 day moving average of $21.01 and a 200-day moving average of $20.24.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.25. Kinder Morgan had a negative net margin of 1.13% and a positive return on equity of 4.69%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. Analysts forecast that Kinder Morgan Inc. will post $0.64 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.50 annualized dividend and a yield of 2.29%. Kinder Morgan’s dividend payout ratio is presently -416.67%.
A number of research analysts have recently weighed in on the stock. Morgan Stanley raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $23.00 to $24.00 in a research note on Thursday, August 18th. Goldman Sachs Group Inc. set a $24.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 20th. Stifel Nicolaus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and lowered their target price for the stock from $25.00 to $24.00 in a research note on Thursday, October 20th. They noted that the move was a valuation call. Barclays PLC set a $25.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 20th. Finally, Vetr raised shares of Kinder Morgan from a “buy” rating to a “strong-buy” rating and set a $24.78 target price for the company in a research note on Monday, September 12th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Kinder Morgan currently has an average rating of “Buy” and an average target price of $22.32.
In related news, Director Fayez Sarofim acquired 700,000 shares of the company’s stock in a transaction on Monday, October 24th. The shares were purchased at an average price of $21.41 per share, for a total transaction of $14,987,000.00. Following the purchase, the director now owns 29,142,387 shares in the company, valued at $623,938,505.67. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.97% of the stock is currently owned by company insiders.
Kinder Morgan Company Profile
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.