Girard Partners LTD. Lowers Position in Kinder Morgan Inc (KMI)
Girard Partners LTD. trimmed its position in Kinder Morgan Inc (NYSE:KMI) by 19.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,607 shares of the pipeline company’s stock after selling 4,043 shares during the quarter. Girard Partners LTD.’s holdings in Kinder Morgan were worth $300,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in KMI. Welch Investments LLC acquired a new stake in Kinder Morgan in the third quarter worth about $102,000. Valeo Financial Advisors LLC acquired a new stake in Kinder Morgan in the third quarter worth about $104,000. Sit Investment Associates Inc. increased its position in Kinder Morgan by 237.1% in the fourth 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 during the period. Cerebellum GP LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $126,000. Finally, Goodman Financial Corp acquired a new stake in Kinder Morgan in the fourth quarter worth about $126,000. Hedge funds and other institutional investors own 60.42% of the company’s stock.
In other Kinder Morgan news, Director William A. Smith acquired 5,500 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were acquired at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the acquisition, the director now directly owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas A. Martin acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were acquired at an average price 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.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the business posted $0.08 EPS. Kinder Morgan’s revenue for the quarter was up 7.2% on a year-over-year basis. analysts forecast that Kinder Morgan Inc will post 0.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders 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 2.89%. The ex-dividend date of this dividend is Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.
A number of brokerages recently commented on KMI. Mizuho reiterated a “hold” rating and issued a $22.00 price objective on shares of Kinder Morgan in a research report on Friday, October 20th. JPMorgan Chase & Co. lowered their price objective on Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Co reiterated a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Bank of America began coverage on Kinder Morgan in a research report on Tuesday, January 9th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.50.
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Kinder Morgan 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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