Gilman Hill Asset Management LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 48.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,129 shares of the pipeline company’s stock after buying an additional 84,245 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Kinder Morgan were worth $4,343,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of Kinder Morgan by 1.7% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 32,893 shares of the pipeline company’s stock worth $622,000 after acquiring an additional 547 shares during the last quarter. Spectrum Asset Management Inc. NB CA lifted its stake in shares of Kinder Morgan by 0.4% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 138,559 shares of the pipeline company’s stock worth $2,620,000 after buying an additional 580 shares in the last quarter. Cohen Investment Advisors LLC lifted its position in Kinder Morgan by 0.5% during the first quarter. Cohen Investment Advisors LLC now owns 120,838 shares of the pipeline company’s stock valued at $2,285,000 after purchasing an additional 580 shares during the period. Coldstream Capital Management Inc. raised its position in Kinder Morgan by 4.9% in the first quarter. Coldstream Capital Management Inc. now owns 12,594 shares of the pipeline company’s stock worth $238,000 after acquiring an additional 586 shares during the period. Finally, FinTrust Capital Advisors LLC increased its stake in shares of Kinder Morgan by 19.8% in the first quarter. FinTrust Capital Advisors LLC now owns 3,603 shares of the pipeline company’s stock worth $68,000 after purchasing an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 61.12% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have commented on KMI shares. US Capital Advisors reiterated a “hold” rating on shares of Kinder Morgan in a research report on Wednesday, June 1st. Barclays lifted their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. UBS Group upped their target price on shares of Kinder Morgan to $25.00 in a report on Friday, July 22nd. Finally, The Goldman Sachs Group raised shares of Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price on the stock in a research report on Wednesday, September 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $21.00.
Insider Activity at Kinder Morgan
Kinder Morgan Stock Down 4.2 %
Shares of NYSE:KMI traded down $0.73 during midday trading on Friday, reaching $16.59. The company had a trading volume of 258,559 shares, compared to its average volume of 16,075,442. The business’s 50 day moving average price is $18.12 and its 200 day moving average price is $18.30. The stock has a market cap of $37.38 billion, a PE ratio of 16.19, a P/E/G ratio of 4.87 and a beta of 0.92. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 1-year low of $15.01 and a 1-year high of $20.20.
Kinder Morgan (NYSE:KMI – Get Rating) last released its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the company earned $0.23 earnings per share. The company’s quarterly revenue was up 63.5% on a year-over-year basis. Research analysts forecast that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.
Kinder Morgan Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were given a $0.2775 dividend. The ex-dividend date of this dividend was Friday, July 29th. This represents a $1.11 annualized dividend and a yield of 6.69%. Kinder Morgan’s payout ratio is 103.74%.
Kinder Morgan Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.
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