Kinder Morgan Inc (KMI) Shares Sold by Hodges Capital Management Inc.
Hodges Capital Management Inc. decreased its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 47.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,408 shares of the pipeline company’s stock after selling 10,099 shares during the quarter. Hodges Capital Management Inc.’s holdings in Kinder Morgan were worth $206,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. Welch Investments LLC acquired a new stake in Kinder Morgan in the 3rd quarter worth about $102,000. Valeo Financial Advisors LLC acquired a new stake in Kinder Morgan in the 3rd quarter worth about $104,000. Sit Investment Associates Inc. raised its stake in Kinder Morgan by 237.1% in the 4th quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after purchasing an additional 4,730 shares in the last quarter. Cerebellum GP LLC acquired a new stake in Kinder Morgan in the 4th quarter worth about $126,000. Finally, Goodman Financial Corp acquired a new stake in Kinder Morgan in the 4th quarter worth about $126,000. 60.57% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on KMI shares. Stifel Nicolaus dropped their price objective on shares of Kinder Morgan from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Goldman Sachs Group cut shares of Kinder Morgan from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $18.81 to $22.00 in a research note on Tuesday, October 17th. Morgan Stanley dropped their price objective on shares of Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, November 17th. Finally, SunTrust Banks set a $23.00 price objective on shares of Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.66.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 EPS. sell-side analysts predict that Kinder Morgan Inc will post 0.82 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.
In related news, Director William A. Smith purchased 5,500 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were bought at an average cost of $19.52 per share, with a total value of $107,360.00. Following the acquisition, the director now owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas A. Martin purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average cost of $17.10 per share, for a total transaction of $51,300.00. The disclosure for this purchase can be found here. Insiders own 13.99% of the company’s stock.
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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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