Carroll Financial Associates Inc. Buys 4,772 Shares of Kinder Morgan Inc (KMI)
Carroll Financial Associates Inc. grew its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 26.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,666 shares of the pipeline company’s stock after acquiring an additional 4,772 shares during the period. Carroll Financial Associates Inc.’s holdings in Kinder Morgan were worth $453,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of KMI. Founders Capital Management lifted its position in shares of Kinder Morgan by 224.9% during the first quarter. Founders Capital Management now owns 1,228 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 850 shares in the last quarter. Avestar Capital LLC raised its position in shares of Kinder Morgan by 83.5% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock worth $27,000 after buying an additional 985 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $28,000. Cornerstone Advisors Inc. raised its position in shares of Kinder Morgan by 129.8% in the fourth quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after buying an additional 1,071 shares in the last quarter. Finally, Bedel Financial Consulting Inc. raised its position in shares of Kinder Morgan by 573.6% in the fourth quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,692 shares in the last quarter. Hedge funds and other institutional investors own 64.93% of the company’s stock.
Kinder Morgan stock opened at $19.39 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.98. The stock has a market cap of $42.78 billion, a PE ratio of 21.79, a PEG ratio of 2.63 and a beta of 0.96. Kinder Morgan Inc has a 1-year low of $14.62 and a 1-year high of $20.44.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.25 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio is currently 89.89%.
In related news, insider Richard D. Kinder acquired 400,000 shares of the stock in a transaction on Thursday, February 7th. The stock was acquired at an average cost of $17.99 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard D. Kinder acquired 175,000 shares of the stock in a transaction on Wednesday, April 17th. The stock was bought at an average price of $19.75 per share, with a total value of $3,456,250.00. Following the completion of the acquisition, the chairman now directly owns 239,397,332 shares of the company’s stock, valued at $4,728,097,307. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,265,912 shares of company stock valued at $62,333,764. 13.95% of the stock is currently owned by company insiders.
A number of equities research analysts recently issued reports on KMI shares. Citigroup downgraded Kinder Morgan from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research report on Wednesday, March 27th. Raymond James downgraded Kinder Morgan from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday. They noted that the move was a valuation call. Evercore ISI initiated coverage on Kinder Morgan in a research report on Tuesday, February 5th. They issued an “outperform” rating on the stock. Jefferies Financial Group cut Kinder Morgan from a “buy” rating to a “hold” rating and increased their target price for the company from $19.00 to $20.00 in a research note on Monday, April 1st. Finally, Zacks Investment Research cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $21.82.
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Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 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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