145,486 Shares in Kinder Morgan, Inc. (NYSE:KMI) Purchased by Shilanski & Associates Inc.

Shilanski & Associates Inc. purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 145,486 shares of the pipeline company’s stock, valued at approximately $2,566,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Gotham Asset Management LLC boosted its holdings in Kinder Morgan by 11.3% in the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after purchasing an additional 54,184 shares during the last quarter. Rheos Capital Works Inc. acquired a new position in Kinder Morgan in the 3rd quarter valued at about $4,642,000. Cohen & Steers Inc. boosted its holdings in Kinder Morgan by 1,217.2% in the 2nd quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock valued at $173,820,000 after purchasing an additional 9,327,755 shares during the last quarter. Virginia Wealth Management Group Inc. boosted its holdings in Kinder Morgan by 1.6% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock valued at $3,337,000 after purchasing an additional 3,085 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its holdings in Kinder Morgan by 69.2% in the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after purchasing an additional 1,617,250 shares during the last quarter. 62.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 7,500 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the sale, 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 legal filing with the SEC, which is available at the SEC website. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $17.66 on Tuesday. The firm has a market cap of $39.18 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.30. 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 company’s 50 day moving average is $17.32 and its two-hundred day moving average is $17.16.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.2825 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.40%. Kinder Morgan’s dividend payout ratio (DPR) is presently 105.61%.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Kinder Morgan

Kinder Morgan Company Profile

(Free Report)

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.

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

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