Benjamin F. Edwards & Company Inc. lowered its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 55.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,746 shares of the pipeline company’s stock after selling 8,553 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Kinder Morgan were worth $122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. Welch Investments LLC acquired a new position in Kinder Morgan during the third quarter worth $102,000. Valeo Financial Advisors LLC acquired a new position in Kinder Morgan during the third quarter worth $104,000. Sit Investment Associates Inc. boosted its stake in Kinder Morgan by 237.1% during the fourth quarter. Sit Investment Associates Inc. now owns 6,725 shares of the pipeline company’s stock worth $122,000 after buying an additional 4,730 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in Kinder Morgan by 23.5% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,400 shares of the pipeline company’s stock worth $161,000 after buying an additional 1,600 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in shares of Kinder Morgan by 13.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 9,047 shares of the pipeline company’s stock valued at $173,000 after purchasing an additional 1,088 shares during the last quarter. 60.72% of the stock is currently owned by institutional investors.

Shares of Kinder Morgan Inc (NYSE KMI) opened at $19.63 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.44 and a debt-to-equity ratio of 1.00. Kinder Morgan Inc has a 1-year low of $16.68 and a 1-year high of $23.01. The stock has a market capitalization of $43,840.00, a price-to-earnings ratio of 1,963.00, a P/E/G ratio of 1.23 and a beta of 0.62.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.38% and a net margin of 1.34%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the business earned $0.08 EPS. Kinder Morgan’s revenue was up 7.2% on a year-over-year basis. research analysts forecast that Kinder Morgan Inc will post 0.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.50 annualized dividend and a yield of 2.55%. Kinder Morgan’s dividend payout ratio (DPR) is 5,000.00%.

In related news, Director William A. Smith purchased 5,500 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were bought at an average price of $19.52 per share, for a total transaction of $107,360.00. Following the acquisition, the director now directly owns 14,587 shares in the company, valued at $284,738.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas A. Martin purchased 3,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were bought at an average price of $17.10 per share, for a total transaction of $51,300.00. The disclosure for this purchase can be found here. 13.99% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the company. Credit Suisse Group assumed coverage on Kinder Morgan in a research note on Thursday, January 4th. They issued an “outperform” rating and a $23.00 price target on the stock. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. BMO Capital Markets set a $26.00 price target on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 12th. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Finally, Bank of America assumed coverage on Kinder Morgan in a research note on Tuesday, January 9th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $22.72.

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Kinder Morgan Company Profile

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

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