Edge Advisors LLC Lowers Position in Kinder Morgan, Inc. (KMI)
Edge Advisors LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,544 shares of the pipeline company’s stock after selling 3,030 shares during the quarter. Edge Advisors LLC’s holdings in Kinder Morgan were worth $547,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Heritage Trust Co boosted its position in Kinder Morgan by 457.7% during the 2nd quarter. Heritage Trust Co now owns 5,242 shares of the pipeline company’s stock worth $101,000 after acquiring an additional 4,302 shares during the last quarter. Welch Investments LLC acquired a new position in Kinder Morgan during the 3rd quarter worth approximately $102,000. Fiduciary Trust Co. acquired a new position in Kinder Morgan during the 2nd quarter worth approximately $115,000. Parallel Advisors LLC boosted its position in Kinder Morgan by 14.0% during the 2nd quarter. Parallel Advisors LLC now owns 6,673 shares of the pipeline company’s stock worth $136,000 after acquiring an additional 819 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Kinder Morgan by 30.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 6,814 shares of the pipeline company’s stock worth $131,000 after acquiring an additional 1,600 shares during the last quarter. 59.79% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan, Inc. (NYSE KMI) traded down $0.08 during mid-day trading on Tuesday, reaching $16.98. The company’s stock had a trading volume of 3,532,307 shares, compared to its average volume of 11,373,362. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. The company has a market cap of $38,320.00, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.32 and a beta of 0.65. Kinder Morgan, Inc. has a 1 year low of $16.70 and a 1 year high of $23.01.
Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 18th. The pipeline company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.21 billion. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.10) EPS. equities research analysts expect that Kinder Morgan, Inc. will post 0.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.94%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s payout ratio is 89.29%.
Several equities research analysts have recently commented on the company. BMO Capital Markets reissued a “buy” rating and issued a $26.00 price objective on shares of Kinder Morgan in a report on Friday, July 28th. Mizuho assumed coverage on Kinder Morgan in a report on Thursday, July 27th. They issued a “neutral” rating and a $22.00 price objective for the company. Zacks Investment Research raised Kinder Morgan from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Morgan Stanley reissued an “overweight” rating on shares of Kinder Morgan in a report on Tuesday, September 5th. Finally, BidaskClub downgraded Kinder Morgan from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. Kinder Morgan has a consensus rating of “Hold” and a consensus price target of $22.97.
Kinder Morgan Company Profile
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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