Private Capital Group LLC Buys 1,539 Shares of Kinder Morgan Inc (NYSE:KMI)
Private Capital Group LLC boosted its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 16.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,966 shares of the pipeline company’s stock after purchasing an additional 1,539 shares during the period. Private Capital Group LLC’s holdings in Kinder Morgan were worth $153,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. AE Wealth Management LLC increased its holdings in Kinder Morgan by 0.8% during the 1st quarter. AE Wealth Management LLC now owns 177,144 shares of the pipeline company’s stock valued at $2,466,000 after purchasing an additional 1,460 shares in the last quarter. Hourglass Capital LLC increased its holdings in Kinder Morgan by 49.8% during the 1st quarter. Hourglass Capital LLC now owns 272,528 shares of the pipeline company’s stock valued at $3,794,000 after purchasing an additional 90,570 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in Kinder Morgan by 1,374.6% during the 1st quarter. Benjamin Edwards Inc. now owns 23,432 shares of the pipeline company’s stock valued at $326,000 after purchasing an additional 21,843 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kinder Morgan by 19.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 507,190 shares of the pipeline company’s stock valued at $7,060,000 after purchasing an additional 83,301 shares in the last quarter. Finally, ING Groep NV increased its holdings in Kinder Morgan by 352.4% during the 1st quarter. ING Groep NV now owns 107,896 shares of the pipeline company’s stock valued at $1,502,000 after purchasing an additional 84,047 shares in the last quarter. 62.58% of the stock is owned by hedge funds and other institutional investors.
Shares of Kinder Morgan stock opened at $14.84 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 0.94. Kinder Morgan Inc has a 12 month low of $9.42 and a 12 month high of $22.58. The business has a fifty day simple moving average of $14.54 and a 200 day simple moving average of $18.61. The stock has a market cap of $33.56 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 5.24 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.2625 per share. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.25. This represents a $1.05 annualized dividend and a yield of 7.08%. Kinder Morgan’s payout ratio is currently 110.53%.
A number of research firms recently weighed in on KMI. Bank of America raised Kinder Morgan from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, March 11th. ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Thursday, March 5th. Mizuho lowered their target price on Kinder Morgan from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $16.00 target price for the company in a research note on Tuesday, March 24th. Finally, Wells Fargo & Co lowered their target price on Kinder Morgan from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.58.
In other Kinder Morgan news, Director William A. Smith bought 6,500 shares of Kinder Morgan stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $15.35 per share, for a total transaction of $99,775.00. Following the completion of the acquisition, the director now owns 21,087 shares in the company, valued at approximately $323,685.45. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Richard D. Kinder bought 300,000 shares of Kinder Morgan stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $20.72 per share, for a total transaction of $6,216,000.00. Following the completion of the acquisition, the chairman now owns 243,439,120 shares of the company’s stock, valued at approximately $5,044,058,566.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,406,500 shares of company stock worth $24,957,775. Corporate insiders own 14.19% of the company’s stock.
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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