Kinder Morgan Inc. (KMI) Position Lowered by Huntington Steele LLC
Huntington Steele LLC lowered its position in shares of Kinder Morgan Inc. (NYSE:KMI) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,583 shares of the company’s stock after selling 1,529 shares during the period. Kinder Morgan comprises approximately 0.6% of Huntington Steele LLC’s investment portfolio, making the stock its 27th largest position. Huntington Steele LLC’s holdings in Kinder Morgan were worth $1,725,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC raised its position in Kinder Morgan by 12.0% in the second quarter. Hudock Capital Group LLC now owns 5,394 shares of the company’s stock valued at $100,000 after buying an additional 576 shares in the last quarter. Stelac Advisory Services LLC raised its position in Kinder Morgan by 45.4% in the second quarter. Stelac Advisory Services LLC now owns 8,339 shares of the company’s stock valued at $156,000 after buying an additional 2,602 shares in the last quarter. Hallmark Capital Management Inc. bought a new position in Kinder Morgan during the second quarter valued at $157,000. PineBridge Investments L.P. raised its position in Kinder Morgan by 465.2% in the second quarter. PineBridge Investments L.P. now owns 9,258 shares of the company’s stock valued at $173,000 after buying an additional 7,620 shares in the last quarter. Finally, Lakeview Capital Partners LLC bought a new position in Kinder Morgan during the second quarter valued at $193,000. Institutional investors and hedge funds own 54.05% of the company’s stock.
Shares of Kinder Morgan Inc. (NYSE:KMI) traded up 3.74% during trading on Wednesday, hitting $22.20. 29,390,259 shares of the stock were exchanged. The firm’s 50-day moving average is $20.95 and its 200 day moving average is $20.38. The company’s market cap is $49.56 billion. Kinder Morgan Inc. has a 1-year low of $11.20 and a 1-year high of $23.36.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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 business earned $3.33 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business earned $0.08 earnings per share. Kinder Morgan’s revenue for the quarter was down 10.2% on a year-over-year basis. Equities analysts forecast that Kinder Morgan Inc. will post $0.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.25%. Kinder Morgan’s dividend payout ratio (DPR) is presently -416.67%.
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Several research analysts have weighed in on KMI shares. Stifel Nicolaus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and dropped their price objective for the company from $25.00 to $24.00 in a research note on Thursday, October 20th. They noted that the move was a valuation call. Vetr upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.41 price objective on the stock in a research note on Thursday, August 25th. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, September 20th. Goldman Sachs Group Inc. set a $24.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 20th. Finally, Barclays PLC set a $25.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a research report on Thursday, October 20th. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $22.33.
In other news, Director Fayez Sarofim bought 700,000 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The stock was acquired at an average cost of $21.41 per share, with a total value of $14,987,000.00. Following the completion of the purchase, the director now owns 29,142,387 shares of the company’s stock, valued at $623,938,505.67. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.97% of the stock is currently owned by 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.
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