Aperio Group LLC Has $11.82 Million Holdings in Kinder Morgan Inc (KMI)
Aperio Group LLC lessened its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 654,333 shares of the pipeline company’s stock after selling 114,229 shares during the period. Aperio Group LLC’s holdings in Kinder Morgan were worth $11,824,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in KMI. Cubist Systematic Strategies LLC boosted its position in Kinder Morgan by 30.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 23,659 shares of the pipeline company’s stock worth $453,000 after acquiring an additional 5,470 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Kinder Morgan by 2,482.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 581,100 shares of the pipeline company’s stock worth $11,134,000 after acquiring an additional 558,600 shares during the period. Krilogy Financial LLC boosted its position in Kinder Morgan by 8.6% during the 2nd quarter. Krilogy Financial LLC now owns 13,536 shares of the pipeline company’s stock worth $259,000 after acquiring an additional 1,067 shares during the period. Piedmont Investment Advisors LLC boosted its position in Kinder Morgan by 0.7% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 411,348 shares of the pipeline company’s stock worth $7,881,000 after acquiring an additional 3,045 shares during the period. Finally, Wealthsource Partners LLC acquired a new position in Kinder Morgan during the 2nd quarter worth $192,000. Institutional investors own 60.57% of the company’s stock.
A number of research analysts have issued reports on the company. Credit Suisse Group began coverage on Kinder Morgan in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price target for the company. Zacks Investment Research downgraded 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 objective on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 12th. Wells Fargo & Co reissued a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Finally, Bank of America began coverage on Kinder Morgan in a research note on Tuesday, January 9th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.72.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 17th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company 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%. Kinder Morgan’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. research analysts forecast that Kinder Morgan Inc will post 0.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.
In related news, Director William A. Smith bought 5,500 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were bought at an average cost of $19.52 per share, with a total value of $107,360.00. Following the completion of the transaction, the director now directly owns 14,587 shares of the company’s stock, valued at $284,738.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas A. Martin bought 3,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were bought at an average cost 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 insiders.
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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