Harwood Advisory Group LLC grew its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 5.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 117,868 shares of the pipeline company’s stock after purchasing an additional 5,752 shares during the period. Harwood Advisory Group LLC’s holdings in Kinder Morgan were worth $2,461,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Centaurus Financial Inc. increased its holdings in shares of Kinder Morgan by 866.1% in the 1st quarter. Centaurus Financial Inc. now owns 1,082 shares of the pipeline company’s stock worth $54,000 after buying an additional 970 shares during the last quarter. Citizens Financial Group Inc RI grew its holdings in Kinder Morgan by 119.2% during the 1st quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 683 shares during the last quarter. Hanson McClain Inc. grew its holdings in Kinder Morgan by 606.6% during the 1st quarter. Hanson McClain Inc. now owns 1,505 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 1,292 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in Kinder Morgan by 106.7% during the 1st quarter. AlphaMark Advisors LLC now owns 1,550 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 800 shares during the last quarter. Finally, Weaver Consulting Group bought a new position in Kinder Morgan during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 62.81% of the company’s stock.
In related news, insider Richard D. Kinder acquired 300,000 shares of Kinder Morgan stock in a transaction dated Wednesday, May 29th. The shares were purchased at an average cost of $19.68 per share, with a total value of $5,904,000.00. Following the completion of the purchase, the insider now owns 241,179,496 shares of the company’s stock, valued at $4,746,412,481.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.95% of the stock is owned by corporate insiders.
KMI traded down $0.63 during trading on Friday, reaching $19.57. The stock had a trading volume of 14,446,984 shares, compared to its average volume of 15,358,616. The stock has a market cap of $45.73 billion, a PE ratio of 21.99, a PEG ratio of 4.25 and a beta of 0.86. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.33 and a current ratio of 0.41. Kinder Morgan Inc has a one year low of $14.62 and a one year high of $21.50. The business has a 50-day moving average of $20.57 and a 200-day moving average of $20.08.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.59 billion. Kinder Morgan had a net margin of 16.50% and a return on equity of 6.23%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 EPS. Equities research analysts forecast that Kinder Morgan Inc will post 0.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $1.00 dividend on an annualized basis and a yield of 5.11%. Kinder Morgan’s dividend payout ratio is presently 112.36%.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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