New Mexico Educational Retirement Board raised its holdings in Kinder Morgan Inc (NYSE:KMI) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,530 shares of the pipeline company’s stock after acquiring an additional 6,100 shares during the period. New Mexico Educational Retirement Board’s holdings in Kinder Morgan were worth $3,334,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of KMI. Cubist Systematic Strategies LLC grew its stake in Kinder Morgan by 30.1% in the second quarter. Cubist Systematic Strategies LLC now owns 23,659 shares of the pipeline company’s stock valued at $453,000 after acquiring an additional 5,470 shares during the period. WINTON GROUP Ltd acquired a new position in Kinder Morgan in the second quarter valued at about $706,000. Achmea Investment Management B.V. grew its stake in Kinder Morgan by 20.1% in the second quarter. Achmea Investment Management B.V. now owns 148,277 shares of the pipeline company’s stock valued at $2,838,000 after acquiring an additional 24,766 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, M Holdings Securities Inc. boosted its position in shares of Kinder Morgan by 58.4% during the second quarter. M Holdings Securities Inc. now owns 17,634 shares of the pipeline company’s stock worth $338,000 after buying an additional 6,501 shares during the period. 60.42% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan Inc (NYSE:KMI) opened at $17.45 on Thursday. Kinder Morgan Inc has a 52-week low of $16.56 and a 52-week high of $22.49. The company has a current ratio of 0.44, a quick ratio of 0.35 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $38,363.50, a P/E ratio of 1,745.00, a P/E/G ratio of 1.18 and a beta of 0.56.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given 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 2.87%. Kinder Morgan’s dividend payout ratio (DPR) is presently 5,000.00%.
Several research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Kinder Morgan from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. JPMorgan Chase & Co. reduced their price objective on Kinder Morgan from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday. Credit Suisse Group set a $22.00 price objective on Kinder Morgan and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a research report on Thursday, January 11th. Finally, Mizuho reaffirmed a “hold” rating and set a $22.00 price objective on shares of Kinder Morgan in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $22.50.
In related news, Director William A. Smith purchased 5,500 shares of Kinder Morgan stock in a transaction that occurred on Monday, January 22nd. The stock was purchased 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 owns 14,587 shares of the company’s stock, valued at approximately $284,738.24. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas A. Martin acquired 3,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was acquired 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. Corporate insiders own 13.99% of the company’s stock.
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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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