Zurcher Kantonalbank Zurich Cantonalbank Acquires 83,301 Shares of Kinder Morgan Inc (NYSE:KMI)
Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kinder Morgan Inc (NYSE:KMI) by 19.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 507,190 shares of the pipeline company’s stock after acquiring an additional 83,301 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kinder Morgan were worth $7,060,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bluefin Trading LLC boosted its position in shares of Kinder Morgan by 695.5% in the fourth quarter. Bluefin Trading LLC now owns 122,512 shares of the pipeline company’s stock valued at $2,594,000 after acquiring an additional 107,112 shares during the period. Ancora Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $179,000. Coastal Investment Advisors Inc. lifted its position in Kinder Morgan by 10.4% during the fourth quarter. Coastal Investment Advisors Inc. now owns 5,907 shares of the pipeline company’s stock worth $119,000 after purchasing an additional 555 shares during the period. B. Riley Wealth Management Inc. lifted its position in Kinder Morgan by 57.1% during the fourth quarter. B. Riley Wealth Management Inc. now owns 27,463 shares of the pipeline company’s stock worth $582,000 after purchasing an additional 9,983 shares during the period. Finally, Beck Mack & Oliver LLC lifted its position in Kinder Morgan by 1.4% during the fourth quarter. Beck Mack & Oliver LLC now owns 99,539 shares of the pipeline company’s stock worth $2,107,000 after purchasing an additional 1,385 shares during the period. 62.58% of the stock is owned by institutional investors.
In other Kinder Morgan news, Chairman Richard D. Kinder bought 300,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $20.72 per share, with a total value of $6,216,000.00. Following the transaction, the chairman now directly owns 243,439,120 shares in the company, valued at approximately $5,044,058,566.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William A. Smith acquired 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $15.35 per share, with a total value of $99,775.00. Following the acquisition, the director now owns 21,087 shares in the company, valued at approximately $323,685.45. The disclosure for this purchase can be found here. Insiders purchased a total of 1,406,500 shares of company stock valued at $24,957,775 over the last three months. 14.19% of the stock is currently owned by insiders.
Shares of KMI opened at $14.84 on Friday. Kinder Morgan Inc has a 12-month low of $9.42 and a 12-month high of $22.58. The business’s fifty day moving average is $14.54 and its 200 day moving average is $18.61. The company has a quick ratio of 0.50, a current ratio of 0.55 and a debt-to-equity ratio of 0.94. The stock has a market cap of $33.56 billion, a P/E ratio of 25.59, a P/E/G ratio of 5.24 and a beta of 1.04.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 22nd. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Kinder Morgan had a return on equity of 6.24% and a net margin of 10.31%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, analysts expect that Kinder Morgan Inc will post 0.73 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a $0.2625 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.25. This represents a $1.05 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend was Friday, May 1st. Kinder Morgan’s dividend payout ratio is presently 110.53%.
About Kinder Morgan
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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