Sanctuary Advisors LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 460,248 shares of the pipeline company’s stock, valued at approximately $8,597,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. LSV Asset Management purchased a new stake in shares of Kinder Morgan during the first quarter worth $8,818,000. Brevan Howard Capital Management LP bought a new position in Kinder Morgan in the 4th quarter worth about $2,101,000. Duality Advisers LP grew its holdings in Kinder Morgan by 42.7% during the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after buying an additional 94,984 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Kinder Morgan by 221.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock valued at $4,615,000 after buying an additional 173,313 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Kinder Morgan by 6.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 2,545,943 shares of the pipeline company’s stock worth $46,726,000 after buying an additional 144,687 shares in the last quarter. 62.52% of the stock is owned by institutional investors.
Insider Buying and Selling at Kinder Morgan
In other news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the transaction, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,311 shares of company stock worth $3,121,891. 12.64% of the stock is currently owned by insiders.
Analyst Ratings Changes
View Our Latest Stock Analysis on KMI
Kinder Morgan Trading Up 1.8 %
Shares of KMI opened at $23.35 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $23.42. The firm has a 50 day moving average price of $21.40 and a 200-day moving average price of $20.00. The firm has a market cap of $51.82 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 3.09 and a beta of 0.93.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.
Kinder Morgan Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.93%. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
Featured Stories
- Five stocks we like better than Kinder Morgan
- How to Read Stock Charts for Beginners
- When Is the Best Time to Invest in Mutual Funds?
- Why Invest in 5G? How to Invest in 5G Stocks
- Is NVIDIA Stock in a Correction or Consolidation?
- The 3 Best Blue-Chip Stocks to Buy Now
- 3 Oversold Stocks with Big RSI Rebound Potential
Want to see what other hedge funds are holding KMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kinder Morgan, Inc. (NYSE:KMI – Free Report).
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.