Oakbrook Investments LLC Sells 7,350 Shares of Kinder Morgan Inc (KMI)
Oakbrook Investments LLC reduced its position in shares of Kinder Morgan Inc (NYSE:KMI) by 9.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 69,430 shares of the pipeline company’s stock after selling 7,350 shares during the quarter. Oakbrook Investments LLC’s holdings in Kinder Morgan were worth $1,255,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Kinder Morgan by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 13,950,108 shares of the pipeline company’s stock worth $267,575,000 after buying an additional 2,048,560 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in shares of Kinder Morgan by 11.0% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 13,908,625 shares of the pipeline company’s stock worth $266,767,000 after buying an additional 1,373,610 shares during the period. Legal & General Group Plc boosted its position in shares of Kinder Morgan by 6.0% during the third quarter. Legal & General Group Plc now owns 11,314,018 shares of the pipeline company’s stock worth $217,014,000 after buying an additional 636,683 shares during the period. Brookfield Asset Management Inc. boosted its position in shares of Kinder Morgan by 4.3% during the second quarter. Brookfield Asset Management Inc. now owns 10,843,859 shares of the pipeline company’s stock worth $207,769,000 after buying an additional 447,389 shares during the period. Finally, Cohen & Steers Inc. boosted its position in shares of Kinder Morgan by 22.7% during the third quarter. Cohen & Steers Inc. now owns 9,743,540 shares of the pipeline company’s stock worth $186,881,000 after buying an additional 1,801,348 shares during the period. 60.78% of the stock is owned by institutional investors.
Shares of Kinder Morgan Inc (NYSE:KMI) opened at $19.01 on Friday. Kinder Morgan Inc has a twelve month low of $16.68 and a twelve month high of $23.01. The stock has a market capitalization of $42,453.89, a PE ratio of 1,901.00, a P/E/G ratio of 1.29 and a beta of 0.62. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.52 billion. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 earnings per share. analysts expect that Kinder Morgan Inc will post 0.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.125 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.50 annualized dividend and a yield of 2.63%. Kinder Morgan’s dividend payout ratio is 5,000.00%.
Several research analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on Kinder Morgan in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price objective for the company. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a report on Monday, January 8th. BMO Capital Markets set a $26.00 target price on Kinder Morgan and gave the stock a “buy” rating in a report on Thursday, October 12th. Wells Fargo & Co reiterated a “market perform” rating on shares of Kinder Morgan in a report on Thursday, January 11th. Finally, Bank of America assumed coverage on Kinder Morgan in a report on Tuesday, January 9th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Kinder Morgan currently has an average rating of “Hold” and a consensus target price of $22.72.
In other Kinder Morgan news, VP Thomas A. Martin acquired 3,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were purchased at an average price of $17.10 per share, for a total transaction of $51,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.99% of the stock is owned by corporate insiders.
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About Kinder Morgan
Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.
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