Gladstone Institutional Advisory LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 9.6% within the third quarter, based on the corporate in its most up-to-date 13F submitting with the SEC. The institutional investor owned 15,281 shares of the pipeline firm’s inventory after buying a further 1,337 shares throughout the quarter. Gladstone Institutional Advisory LLC’s holdings in Kinder Morgan have been price $338,000 on the finish of the newest reporting interval.
A number of different hedge funds have additionally just lately modified their holdings of KMI. Vanguard Group Inc. raised its stake in Kinder Morgan by 15.8% within the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline firm’s inventory price $3,665,963,000 after shopping for a further 27,254,172 shares within the final quarter. Dimensional Fund Advisors LP raised its place in shares of Kinder Morgan by 1.5% within the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline firm’s inventory price $335,891,000 after buying a further 257,658 shares within the final quarter. Clearbridge Investments LLC lifted its stake in shares of Kinder Morgan by 23.6% throughout the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline firm’s inventory price $204,319,000 after buying a further 2,125,648 shares over the past quarter. Vitality Earnings Companions LLC lifted its stake in shares of Kinder Morgan by 2.6% throughout the 1st quarter. Vitality Earnings Companions LLC now owns 10,717,452 shares of the pipeline firm’s inventory price $196,558,000 after buying a further 272,648 shares over the past quarter. Lastly, Kayne Anderson Capital Advisors LP grew its stake in Kinder Morgan by 45.9% within the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline firm’s inventory valued at $182,665,000 after buying a further 3,135,457 shares over the past quarter. Hedge funds and different institutional buyers personal 62.52% of the corporate’s inventory.
Insiders Place Their Bets
In different information, Director C Park Shaper bought 690,142 shares of Kinder Morgan inventory in a transaction that occurred on Monday, October twenty first. The shares have been bought at a median value of $24.75, for a complete transaction of $17,081,014.50. Following the completion of the transaction, the director now straight owns 6,809,858 shares of the corporate’s inventory, valued at $168,543,985.50. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is out there by the SEC web site. In different Kinder Morgan information, VP Dax Sanders bought 1,729 shares of the inventory in a transaction that occurred on Tuesday, August thirteenth. The inventory was bought at a median value of $21.00, for a complete transaction of $36,309.00. Following the transaction, the vp now owns 307,409 shares within the firm, valued at roughly $6,455,589. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the SEC, which may be accessed by this hyperlink. Additionally, Director C Park Shaper bought 690,142 shares of the enterprise’s inventory in a transaction that occurred on Monday, October twenty first. The shares have been bought at a median value of $24.75, for a complete worth of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares of the corporate’s inventory, valued at $168,543,985.50. This commerce represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. Insiders personal 12.64% of the corporate’s inventory.
Wall Road Analyst Weigh In
A number of analysts have commented on the inventory. Financial institution of America started protection on shares of Kinder Morgan in a analysis report on Thursday, October seventeenth. They set a “purchase” ranking and a $27.00 value goal for the corporate. Stifel Nicolaus raised their goal value on shares of Kinder Morgan from $22.00 to $23.00 and gave the corporate a “maintain” ranking in a analysis be aware on Tuesday, August twenty seventh. Wells Fargo & Firm upped their value goal on Kinder Morgan from $22.00 to $27.00 and gave the inventory an “chubby” ranking in a analysis report on Thursday, October seventeenth. Argus raised Kinder Morgan from a “maintain” ranking to a “purchase” ranking and set a $24.00 value goal for the corporate in a analysis report on Friday, July nineteenth. Lastly, Scotiabank upped their goal value on Kinder Morgan from $19.00 to $21.00 and gave the corporate a “sector carry out” ranking in a analysis report on Wednesday, July seventeenth. Eight equities analysis analysts have rated the inventory with a maintain ranking, 5 have issued a purchase ranking and two have assigned a robust purchase ranking to the corporate’s inventory. In keeping with MarketBeat, the inventory at the moment has a consensus ranking of “Reasonable Purchase” and a consensus goal value of $25.09.
Learn Our Newest Evaluation on KMI
Kinder Morgan Inventory Up 1.3 %
KMI inventory opened at $24.49 on Tuesday. The corporate has a market capitalization of $54.41 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of three.03 and a beta of 0.91. Kinder Morgan, Inc. has a 12 month low of $16.17 and a 12 month excessive of $25.43. The agency’s fifty day easy shifting common is $22.91 and its 200-day easy shifting common is $21.00. The corporate has a debt-to-equity ratio of 0.95, a present ratio of 0.46 and a fast ratio of 0.35.
Kinder Morgan (NYSE:KMI – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, October sixteenth. The pipeline firm reported $0.25 earnings per share for the quarter, lacking the consensus estimate of $0.27 by ($0.02). The corporate had income of $3.70 billion for the quarter, in comparison with analyst estimates of $4.05 billion. Kinder Morgan had a return on fairness of seven.87% and a web margin of 16.76%. Kinder Morgan’s income for the quarter was down 5.3% on a year-over-year foundation. Throughout the identical interval within the prior yr, the enterprise posted $0.25 earnings per share. As a bunch, equities analysis analysts forecast that Kinder Morgan, Inc. will submit 1.19 earnings per share for the present yr.
Kinder Morgan Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which might be paid on Friday, November fifteenth. Shareholders of document on Thursday, October thirty first might be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized foundation and a yield of 4.70%. The ex-dividend date is Thursday, October thirty first. Kinder Morgan’s payout ratio is presently 100.88%.
Kinder Morgan Firm Profile
Kinder Morgan, Inc operates as an vitality infrastructure firm primarily in North America. The corporate operates by Pure Gasoline Pipelines, Merchandise Pipelines, Terminals, and CO2 segments. The Pure Gasoline Pipelines section owns and operates interstate and intrastate pure gasoline pipeline, and storage techniques; pure gasoline gathering techniques and pure gasoline processing and treating amenities; pure gasoline liquids fractionation amenities and transportation techniques; and liquefied pure gasoline gasification, liquefaction, and storage amenities.
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