Kinder Morgan, Inc. (NYSE:KMI) Stake Cut by Baldwin Brothers LLC MA

Baldwin Brothers LLC MA reduced its holdings in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,638 shares of the pipeline company’s stock after selling 745 shares during the period. Baldwin Brothers LLC MA’s holdings in Kinder Morgan were worth $135,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Pacifica Partners Inc. grew its stake in Kinder Morgan by 0.3% in the fourth quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock valued at $3,217,000 after purchasing an additional 620 shares in the last quarter. Capital Investment Advisors LLC grew its stake in Kinder Morgan by 5.6% in the fourth quarter. Capital Investment Advisors LLC now owns 244,729 shares of the pipeline company’s stock valued at $4,317,000 after purchasing an additional 12,983 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Kinder Morgan by 3.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,085,719 shares of the pipeline company’s stock valued at $36,792,000 after purchasing an additional 78,536 shares in the last quarter. Compass Wealth Management LLC raised its holdings in Kinder Morgan by 5.9% during the fourth quarter. Compass Wealth Management LLC now owns 89,712 shares of the pipeline company’s stock valued at $1,583,000 after buying an additional 4,999 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of Kinder Morgan by 35.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 3,826 shares of the pipeline company’s stock worth $67,000 after buying an additional 991 shares during the last quarter. 62.33% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.2 %

Shares of Kinder Morgan stock opened at $17.60 on Friday. The stock has a market capitalization of $39.06 billion, a P/E ratio of 16.45, a PEG ratio of 5.05 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average price of $17.33 and a two-hundred day moving average price of $17.16. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.30.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. Equities analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio is currently 105.61%.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $18.00, for a total value of $135,000.00. Following the transaction, the vice president now directly owns 3,219 shares of the company’s stock, valued at approximately $57,942. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.25.

View Our Latest Analysis on Kinder Morgan

Kinder Morgan Profile

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.

See Also

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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