APG Asset Management N.V. grew its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,077,350 shares of the pipeline company’s stock after acquiring an additional 126,801 shares during the period. APG Asset Management N.V. owned about 0.14% of Kinder Morgan worth $41,403,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in KMI. Halsey Associates Inc. CT grew its holdings in Kinder Morgan by 2.8% in the fourth quarter. Halsey Associates Inc. CT now owns 437,120 shares of the pipeline company’s stock worth $6,723,000 after purchasing an additional 12,017 shares during the period. M&T Bank Corp lifted its stake in shares of Kinder Morgan by 11.4% in the fourth quarter. M&T Bank Corp now owns 153,671 shares of the pipeline company’s stock valued at $2,363,000 after buying an additional 15,724 shares in the last quarter. First Manhattan Co. lifted its stake in shares of Kinder Morgan by 14.1% in the fourth quarter. First Manhattan Co. now owns 142,412 shares of the pipeline company’s stock valued at $2,190,000 after buying an additional 17,574 shares in the last quarter. Old Port Advisors bought a new position in shares of Kinder Morgan in the fourth quarter valued at $426,000. Finally, FDx Advisors Inc. lifted its stake in shares of Kinder Morgan by 74.4% in the fourth quarter. FDx Advisors Inc. now owns 84,240 shares of the pipeline company’s stock valued at $1,296,000 after buying an additional 35,927 shares in the last quarter. 64.93% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on KMI. TheStreet raised shares of Kinder Morgan from a “c” rating to a “b-” rating in a research note on Wednesday, January 16th. JPMorgan Chase & Co. lowered shares of Kinder Morgan from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $22.00 in a research note on Friday, March 22nd. Argus reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Kinder Morgan in a research note on Tuesday, January 22nd. Goldman Sachs Group lowered shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price objective on the stock. in a research note on Thursday, March 28th. Finally, ValuEngine raised shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. Kinder Morgan has a consensus rating of “Buy” and an average target price of $21.82.
KMI stock traded down $0.30 during mid-day trading on Friday, hitting $19.39. The company had a trading volume of 23,450,160 shares, compared to its average volume of 13,028,351. The firm has a market cap of $42.78 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 2.64 and a beta of 0.96. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.71 and a current ratio of 0.45. Kinder Morgan Inc has a 12 month low of $14.62 and a 12 month high of $20.44.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.63 billion. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share. Analysts forecast that Kinder Morgan Inc will post 0.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.25 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, April 29th. This represents a $1.00 annualized dividend and a dividend yield of 5.16%. Kinder Morgan’s dividend payout ratio (DPR) is presently 89.89%.
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About Kinder Morgan
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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