Natixis lifted its position in Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 281,847 shares of the pipeline company’s stock after purchasing an additional 35,949 shares during the period. Natixis’ holdings in Kinder Morgan were worth $5,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kinder Morgan during the fourth quarter worth $25,000. VitalStone Financial LLC bought a new position in Kinder Morgan during the fourth quarter valued at $26,000. TD Capital Management LLC bought a new position in Kinder Morgan during the third quarter valued at $33,000. US Asset Management LLC bought a new position in Kinder Morgan during the fourth quarter valued at $33,000. Finally, MADDEN SECURITIES Corp bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $36,000. 60.48% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan Stock Down 1.7 %
Shares of KMI stock opened at $17.03 on Friday. The stock’s 50-day simple moving average is $17.02 and its 200-day simple moving average is $17.62. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.44 and a current ratio of 0.56. The firm has a market capitalization of $38.17 billion, a PE ratio of 15.07, a P/E/G ratio of 5.28 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $15.77 and a fifty-two week high of $19.35.
Kinder Morgan Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 1st were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 6.64%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, April 28th. Kinder Morgan’s dividend payout ratio is presently 100.00%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Barclays reduced their price objective on shares of Kinder Morgan from $21.00 to $20.00 in a research report on Tuesday, April 18th. StockNews.com initiated coverage on Kinder Morgan in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Sanford C. Bernstein raised Kinder Morgan from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $19.00 to $22.00 in a research report on Wednesday, March 1st. Finally, Scotiabank initiated coverage on Kinder Morgan in a research note on Thursday, March 2nd. They set a “sector perform” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.56.
Kinder Morgan Company Profile
Kinder Morgan, Inc engages in providing pipeline transportation of natural gas services. It operates through the following business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment operates major interstate and intrastate natural gas pipelines and storage systems.
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