Levin Capital Strategies L.P. Buys 551,056 Shares of Kinder Morgan Inc (KMI)
Levin Capital Strategies L.P. grew its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 174.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 867,518 shares of the pipeline company’s stock after buying an additional 551,056 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Kinder Morgan were worth $13,342,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Kinder Morgan by 9.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 210,239 shares of the pipeline company’s stock valued at $3,233,000 after buying an additional 18,071 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Kinder Morgan by 3.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 74,522 shares of the pipeline company’s stock worth $1,146,000 after purchasing an additional 2,600 shares during the last quarter. Bollard Group LLC grew its stake in shares of Kinder Morgan by 6.6% in the fourth quarter. Bollard Group LLC now owns 363,143 shares of the pipeline company’s stock worth $5,585,000 after purchasing an additional 22,438 shares during the last quarter. Comerica Securities Inc. bought a new stake in shares of Kinder Morgan in the fourth quarter worth about $241,000. Finally, Wesbanco Bank Inc. grew its stake in shares of Kinder Morgan by 592.2% in the fourth quarter. Wesbanco Bank Inc. now owns 252,610 shares of the pipeline company’s stock worth $3,886,000 after purchasing an additional 216,115 shares during the last quarter. 61.17% of the stock is currently owned by hedge funds and other institutional investors.
In other Kinder Morgan news, insider Richard D. Kinder bought 50,000 shares of the stock in a transaction dated Tuesday, January 29th. The stock was purchased at an average cost of $17.92 per share, for a total transaction of $896,000.00. Following the completion of the acquisition, the insider now owns 235,262,353 shares of the company’s stock, valued at $4,215,901,365.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard D. Kinder bought 400,000 shares of the stock in a transaction dated Thursday, February 7th. The shares were acquired at an average price of $17.99 per share, with a total value of $7,196,000.00. Following the completion of the acquisition, the insider now directly owns 236,177,613 shares of the company’s stock, valued at approximately $4,248,835,257.87. The disclosure for this purchase can be found here. Insiders acquired 700,000 shares of company stock valued at $12,643,500 over the last 90 days. 14.16% of the stock is currently owned by company insiders.
Shares of KMI opened at $17.97 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.76 and a debt-to-equity ratio of 0.98. Kinder Morgan Inc has a one year low of $14.62 and a one year high of $18.67. The stock has a market capitalization of $39.64 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 2.41 and a beta of 0.89.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 16th. The pipeline company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the business posted $0.21 earnings per share. Kinder Morgan’s quarterly revenue was up 4.1% compared to the same quarter last year. Sell-side analysts predict that Kinder Morgan Inc will post 1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $0.80 annualized dividend and a yield of 4.45%. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.89%.
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Kinder Morgan Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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