Baxter Bros Inc. lifted its position in Kinder Morgan Inc (NYSE:KMI) by 21.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,101 shares of the pipeline company’s stock after acquiring an additional 8,050 shares during the quarter. Baxter Bros Inc.’s holdings in Kinder Morgan were worth $930,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of KMI. Charles Schwab Investment Advisory Inc. lifted its position in shares of Kinder Morgan by 85.4% in the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 12,328,127 shares of the pipeline company’s stock valued at $257,411,000 after acquiring an additional 5,679,805 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Kinder Morgan by 4,335.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,313,554 shares of the pipeline company’s stock valued at $109,512,000 after acquiring an additional 5,193,754 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Kinder Morgan in the 2nd quarter valued at approximately $58,636,000. Invesco Ltd. lifted its position in shares of Kinder Morgan by 30.7% in the 2nd quarter. Invesco Ltd. now owns 10,734,485 shares of the pipeline company’s stock valued at $224,135,000 after acquiring an additional 2,521,149 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of Kinder Morgan by 254.6% in the 2nd quarter. Macquarie Group Ltd. now owns 3,396,171 shares of the pipeline company’s stock valued at $70,913,000 after acquiring an additional 2,438,336 shares in the last quarter. Institutional investors and hedge funds own 61.77% of the company’s stock.
In other Kinder Morgan news, Director Deborah Macdonald purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average price of $19.91 per share, for a total transaction of $99,550.00. Following the purchase, the director now directly owns 30,328 shares in the company, valued at approximately $603,830.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard D. Kinder purchased 400,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $19.95 per share, for a total transaction of $7,980,000.00. Following the purchase, the insider now owns 241,579,496 shares in the company, valued at $4,819,510,945.20. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 705,000 shares of company stock worth $14,007,550. 13.95% of the stock is currently owned by company insiders.
Kinder Morgan stock traded up $0.14 during trading hours on Monday, hitting $20.16. The company had a trading volume of 5,823,691 shares, compared to its average volume of 9,969,284. The firm has a market capitalization of $45.43 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 4.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.35 and a quick ratio of 0.33. The firm’s fifty day moving average is $20.42 and its 200-day moving average is $20.34. Kinder Morgan Inc has a fifty-two week low of $14.62 and a fifty-two week high of $21.50.
Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.02). Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the company earned $0.21 EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. Analysts anticipate that Kinder Morgan Inc will post 0.96 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, October 30th. This represents a $1.00 annualized dividend and a dividend yield of 4.96%. Kinder Morgan’s dividend payout ratio (DPR) is 112.36%.
Kinder Morgan 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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