Capital Management Corp VA Buys 39,020 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Capital Management Corp VA grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 932,206 shares of the pipeline company’s stock after purchasing an additional 39,020 shares during the period. Kinder Morgan makes up 3.1% of Capital Management Corp VA’s investment portfolio, making the stock its 10th biggest holding. Capital Management Corp VA’s holdings in Kinder Morgan were worth $14,785,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Schwarz Dygos Wheeler Investment Advisors LLC raised its holdings in shares of Kinder Morgan by 3.1% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 20,230 shares of the pipeline company’s stock valued at $321,000 after purchasing an additional 600 shares during the period. Corient Capital Partners LLC increased its position in shares of Kinder Morgan by 1.6% during the third quarter. Corient Capital Partners LLC now owns 39,002 shares of the pipeline company’s stock worth $653,000 after acquiring an additional 621 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Kinder Morgan by 2.0% during the third quarter. Cornerstone Wealth Management LLC now owns 32,695 shares of the pipeline company’s stock worth $547,000 after acquiring an additional 644 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of Kinder Morgan by 5.5% during the fourth quarter. Valmark Advisers Inc. now owns 12,449 shares of the pipeline company’s stock worth $197,000 after acquiring an additional 644 shares in the last quarter. Finally, Centaurus Financial Inc. increased its position in shares of Kinder Morgan by 8.5% during the fourth quarter. Centaurus Financial Inc. now owns 8,331 shares of the pipeline company’s stock worth $132,000 after acquiring an additional 656 shares in the last quarter. Hedge funds and other institutional investors own 58.01% of the company’s stock.

In related news, VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $18.51, for a total transaction of $27,765.00. Following the sale, the vice president now directly owns 33,219 shares in the company, valued at approximately $614,883.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dax Sanders sold 91,129 shares of the company’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $19.51, for a total transaction of $1,777,926.79. Following the sale, the vice president now owns 204,105 shares in the company, valued at $3,982,088.55. The disclosure for this sale can be found here. Insiders have sold a total of 94,129 shares of company stock worth $1,833,202 over the last 90 days. 14.22% of the stock is currently owned by corporate insiders.

Shares of Kinder Morgan stock traded down $0.38 on Friday, reaching $18.15. 25,794,003 shares of the company traded hands, compared to its average volume of 14,908,197. Kinder Morgan, Inc. has a 52 week low of $15.01 and a 52 week high of $20.19. The company has a 50 day moving average of $18.46 and a 200 day moving average of $17.40. The firm has a market capitalization of $41.15 billion, a PE ratio of 40.33, a PEG ratio of 5.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.47 and a quick ratio of 0.56.

Kinder Morgan (NYSE:KMIGet Rating) last released its earnings results on Wednesday, April 20th. The pipeline company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.03. Kinder Morgan had a net margin of 6.64% and a return on equity of 7.51%. The firm had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same period in the prior year, the firm earned $0.60 EPS. The company’s revenue was down 17.6% compared to the same quarter last year. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.11 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be given a dividend of $0.2775 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.27. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date of this dividend is Friday, April 29th. Kinder Morgan’s dividend payout ratio is currently 240.01%.

Several equities research analysts have recently commented on KMI shares. Morgan Stanley boosted their target price on shares of Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 20th. Wells Fargo & Company raised shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $21.00 price objective for the company in a research report on Thursday. Zacks Investment Research raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, January 25th. StockNews.com initiated coverage on shares of Kinder Morgan in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Barclays upped their price objective on shares of Kinder Morgan from $18.00 to $19.00 in a research report on Thursday, January 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.78.

About Kinder Morgan (Get Rating)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas liquefaction and storage facilities.

Further Reading

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

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