Kinder Morgan Inc (KMI) Position Increased by Bessemer Group Inc.
Bessemer Group Inc. increased its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 760,432 shares of the pipeline company’s stock after acquiring an additional 56,703 shares during the quarter. Bessemer Group Inc.’s holdings in Kinder Morgan were worth $13,740,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Welch Investments LLC bought a new stake in shares of Kinder Morgan in the third quarter valued at $102,000. Valeo Financial Advisors LLC bought a new stake in shares of Kinder Morgan in the third quarter valued at $104,000. Sit Investment Associates Inc. raised its stake in shares of Kinder Morgan by 237.1% in the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock valued at $122,000 after buying an additional 4,730 shares during the period. Cerebellum GP LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at $126,000. Finally, Syntal Capital Partners LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at $181,000. Institutional investors and hedge funds own 60.88% of the company’s stock.
In other Kinder Morgan news, VP Thomas A. Martin bought 3,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, December 5th. The stock was acquired at an average cost of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William A. Smith bought 5,500 shares of Kinder Morgan stock in a transaction that occurred on Monday, January 22nd. The shares were acquired at an average price of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now owns 14,587 shares of the company’s stock, valued at $284,738.24. The disclosure for this purchase can be found here. 13.99% of the stock is owned by insiders.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. research analysts anticipate that Kinder Morgan Inc will post 0.82 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, January 30th. Kinder Morgan’s payout ratio is 5,000.00%.
KMI has been the topic of several research reports. Royal Bank of Canada restated a “hold” rating and issued a $22.00 target price on shares of Kinder Morgan in a research note on Wednesday, November 15th. Goldman Sachs Group lowered Kinder Morgan from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $18.81 to $22.00 in a research note on Tuesday, October 17th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Monday. They noted that the move was a valuation call. Stifel Nicolaus decreased their price objective on Kinder Morgan from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Finally, Bank of America started coverage on Kinder Morgan in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.72.
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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