SG Americas Securities LLC decreased its position in Kinder Morgan Inc (NYSE:KMI) by 84.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 63,236 shares of the pipeline company’s stock after selling 334,941 shares during the quarter. SG Americas Securities LLC’s holdings in Kinder Morgan were worth $1,117,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Meridian Management Co. boosted its stake in shares of Kinder Morgan by 2.4% in the 2nd quarter. Meridian Management Co. now owns 127,142 shares of the pipeline company’s stock valued at $2,247,000 after purchasing an additional 2,925 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of Kinder Morgan by 15.1% in the 2nd quarter. OLD National Bancorp IN now owns 22,384 shares of the pipeline company’s stock valued at $396,000 after purchasing an additional 2,930 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Kinder Morgan by 1.4% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 220,048 shares of the pipeline company’s stock valued at $3,888,000 after purchasing an additional 2,940 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Kinder Morgan by 10.1% in the 2nd quarter. Sigma Planning Corp now owns 32,486 shares of the pipeline company’s stock valued at $574,000 after purchasing an additional 2,968 shares during the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in shares of Kinder Morgan by 4.9% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 64,294 shares of the pipeline company’s stock valued at $1,136,000 after purchasing an additional 2,982 shares during the last quarter. 60.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:KMI opened at $17.79 on Thursday. The company has a market capitalization of $39.05 billion, a P/E ratio of 26.95, a PEG ratio of 2.39 and a beta of 0.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.41 and a current ratio of 0.49. Kinder Morgan Inc has a fifty-two week low of $14.69 and a fifty-two week high of $19.85.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 18th. The pipeline company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.42 billion. Kinder Morgan had a negative net margin of 1.82% and a positive return on equity of 5.07%. Kinder Morgan’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. analysts forecast that Kinder Morgan Inc will post 0.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Tuesday, July 31st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, July 30th. This represents a $0.80 annualized dividend and a yield of 4.50%. Kinder Morgan’s dividend payout ratio (DPR) is currently 121.21%.
Several brokerages have recently issued reports on KMI. ValuEngine raised shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, July 27th. Citigroup reduced their target price on shares of Kinder Morgan from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, July 20th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Kinder Morgan in a research note on Thursday, July 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the stock. Kinder Morgan has a consensus rating of “Buy” and an average target price of $20.89.
In related news, Director William A. Smith bought 5,556 shares of the company’s stock in a transaction on Thursday, July 26th. The shares were purchased at an average cost of $18.09 per share, for a total transaction of $100,508.04. Following the acquisition, the director now owns 14,587 shares of the company’s stock, valued at approximately $263,878.83. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 14.16% of the company’s stock.
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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