NBW Capital LLC reduced its stake in Kinder Morgan Inc (NYSE:KMI) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 434,277 shares of the pipeline company’s stock after selling 34,779 shares during the period. Kinder Morgan comprises 2.1% of NBW Capital LLC’s investment portfolio, making the stock its 18th largest position. NBW Capital LLC’s holdings in Kinder Morgan were worth $7,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in the business. IFM Investors Pty Ltd increased its stake in Kinder Morgan by 5.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 57,235 shares of the pipeline company’s stock worth $1,098,000 after purchasing an additional 3,072 shares during the period. Callahan Advisors LLC increased its stake in Kinder Morgan by 0.8% in the 4th quarter. Callahan Advisors LLC now owns 425,080 shares of the pipeline company’s stock worth $7,681,000 after purchasing an additional 3,198 shares during the period. Financial Advantage Inc. increased its stake in Kinder Morgan by 1.1% in the 4th quarter. Financial Advantage Inc. now owns 305,025 shares of the pipeline company’s stock worth $5,512,000 after purchasing an additional 3,204 shares during the period. Beach Investment Counsel Inc. PA grew its position in shares of Kinder Morgan by 2.5% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 141,681 shares of the pipeline company’s stock worth $2,560,000 after buying an additional 3,475 shares during the last quarter. Finally, Graybill Bartz & Assoc Ltd. grew its position in shares of Kinder Morgan by 2.7% in the 4th quarter. Graybill Bartz & Assoc Ltd. now owns 135,847 shares of the pipeline company’s stock worth $2,455,000 after buying an additional 3,585 shares during the last quarter. 62.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kinder Morgan Inc (NYSE:KMI) opened at $16.33 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.37 and a current ratio of 0.44. Kinder Morgan Inc has a 1 year low of $15.86 and a 1 year high of $21.92. The firm has a market capitalization of $36,025.07, a P/E ratio of 24.37, a P/E/G ratio of 1.66 and a beta of 0.62.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.06%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is 5,000.00%.
In related news, Director William A. Smith bought 5,500 shares of the company’s stock in a transaction on 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 acquisition, the director now owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 13.99% of the company’s stock.
A number of brokerages have recently weighed in on KMI. JPMorgan Chase & Co. cut their price objective on Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th. 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 on the stock. ValuEngine lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, UBS Group reiterated a “buy” rating and issued a $26.00 price objective (down from $28.00) on shares of Kinder Morgan in a research report on Friday, March 2nd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.69.
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About Kinder Morgan
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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