Flinton Capital Management LLC decreased its position in shares of Kinder Morgan Inc (NYSE:KMI) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 606,624 shares of the pipeline company’s stock after selling 22,176 shares during the quarter. Flinton Capital Management LLC’s holdings in Kinder Morgan were worth $10,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Ostrum Asset Management bought a new position in Kinder Morgan during the 1st quarter worth $121,000. Landaas & Co. WI ADV bought a new position in Kinder Morgan during the 2nd quarter worth $133,000. Mount Yale Investment Advisors LLC bought a new position in Kinder Morgan during the 1st quarter worth $144,000. Clal Insurance Enterprises Holdings Ltd increased its position in Kinder Morgan by 100.0% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 10,000 shares of the pipeline company’s stock worth $177,000 after buying an additional 5,000 shares during the period. Finally, NEXT Financial Group Inc bought a new position in Kinder Morgan during the 1st quarter worth $181,000. Hedge funds and other institutional investors own 60.34% of the company’s stock.
In related news, Director William A. Smith purchased 5,556 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The shares were bought at an average price of $18.09 per share, for a total transaction of $100,508.04. Following the completion of the transaction, the director now owns 14,587 shares of the company’s stock, valued at $263,878.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.16% of the stock is currently owned by company insiders.
Shares of NYSE KMI opened at $17.79 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.03. Kinder Morgan Inc has a 52 week low of $14.69 and a 52 week high of $19.85. The firm has a market capitalization of $39.05 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.39 and a beta of 0.70.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 18th. The pipeline company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. Kinder Morgan had a positive return on equity of 5.07% and a negative net margin of 1.82%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter last year, the business earned $0.14 earnings per share. Kinder Morgan’s revenue was up 1.8% on a year-over-year basis. equities analysts anticipate that Kinder Morgan Inc will post 0.87 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Tuesday, July 31st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Monday, July 30th. Kinder Morgan’s payout ratio is currently 121.21%.
Several research firms have weighed in on KMI. ValuEngine upgraded Kinder Morgan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Stifel Nicolaus increased their price objective on Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Citigroup lowered their price objective on Kinder Morgan from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Kinder Morgan in a research report on Thursday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the stock. Kinder Morgan has a consensus rating of “Buy” and an average price target of $20.89.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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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