8,167 Shares in Kinder Morgan Inc (KMI) Acquired by Calton & Associates Inc.
Calton & Associates Inc. acquired a new stake in Kinder Morgan Inc (NYSE:KMI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 8,167 shares of the pipeline company’s stock, valued at approximately $158,000.
Other large investors have also recently modified their holdings of the company. Claraphi Advisory Network LLC bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $682,000. Dowling & Yahnke LLC bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $1,136,000. Charter Research & Investment Group Inc. bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $498,000. Public Employees Retirement Association of Colorado raised its position in shares of Kinder Morgan by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 377,067 shares of the pipeline company’s stock worth $6,814,000 after buying an additional 12,275 shares in the last quarter. Finally, CI Investments Inc. raised its position in shares of Kinder Morgan by 1.1% during the 4th quarter. CI Investments Inc. now owns 4,607,895 shares of the pipeline company’s stock worth $83,265,000 after buying an additional 52,171 shares in the last quarter. Hedge funds and other institutional investors own 60.57% of the company’s stock.
A number of research firms have commented on KMI. Mizuho restated a “hold” rating and set a $22.00 price target on shares of Kinder Morgan in a research report on Friday, October 20th. Wells Fargo & Co restated a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Bank of America began coverage on shares of Kinder Morgan in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Morgan Stanley dropped their price target on shares of Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.66.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Kinder Morgan had a net margin of 1.34% and a return on equity of 4.38%. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the firm earned $0.08 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts predict that Kinder Morgan Inc will post 0.82 earnings per share for the current fiscal 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 issued a $0.125 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.90%. Kinder Morgan’s payout ratio is currently 5,000.00%.
In other news, Director William A. Smith bought 5,500 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were acquired at an average cost of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now directly owns 14,587 shares in the company, valued at approximately $284,738.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas A. Martin bought 3,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was purchased 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. 13.99% of the stock is owned by insiders.
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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