Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 313.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,135 shares of the pipeline company’s stock after buying an additional 3,894 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Kinder Morgan were worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Avestar Capital LLC grew its holdings in Kinder Morgan by 83.5% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 985 shares during the period. Intercontinental Wealth Advisors LLC acquired a new stake in Kinder Morgan during the fourth quarter worth about $28,000. Cornerstone Advisors Inc. grew its holdings in Kinder Morgan by 129.8% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 1,071 shares during the period. Bedel Financial Consulting Inc. grew its holdings in Kinder Morgan by 573.6% during the fourth quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock worth $31,000 after acquiring an additional 1,692 shares during the period. Finally, Spence Asset Management acquired a new stake in Kinder Morgan during the fourth quarter worth about $37,000. 63.89% of the stock is currently owned by institutional investors.
In related news, insider Richard D. Kinder bought 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was purchased at an average cost of $17.99 per share, for a total transaction of $7,196,000.00. Following the completion of the acquisition, the insider now owns 236,177,613 shares in the company, valued at approximately $4,248,835,257.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deborah Macdonald bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was bought at an average price of $19.89 per share, with a total value of $49,725.00. Following the completion of the acquisition, the director now owns 25,328 shares of the company’s stock, valued at approximately $503,773.92. The disclosure for this purchase can be found here. Insiders bought 2,521,612 shares of company stock valued at $47,637,339 over the last ninety days. Insiders own 14.16% of the company’s stock.
NYSE KMI opened at $19.98 on Friday. The company has a market capitalization of $44.08 billion, a PE ratio of 22.45, a PEG ratio of 2.65 and a beta of 0.96. Kinder Morgan Inc has a 1-year low of $14.62 and a 1-year high of $20.08. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 0.98.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Kinder Morgan had a return on equity of 5.86% and a net margin of 11.38%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. On average, research analysts predict that Kinder Morgan Inc will post 1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Thursday, January 31st were paid a $0.20 dividend. The ex-dividend date was Wednesday, January 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.00%. Kinder Morgan’s payout ratio is presently 89.89%.
Several analysts recently commented on KMI shares. Evercore ISI assumed coverage on Kinder Morgan in a report on Tuesday, February 5th. They set an “outperform” rating on the stock. Jefferies Financial Group upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Wolfe Research downgraded Kinder Morgan from a “market perform” rating to an “underperform” rating in a research report on Monday, November 26th. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday. Finally, ValuEngine upgraded Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Kinder Morgan presently has a consensus rating of “Buy” and a consensus target price of $20.87.
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Kinder Morgan Profile
Kinder Morgan, Inc operates as an energy infrastructure company 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 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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