Ensign Peak Advisors Inc grew its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 66.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,936,622 shares of the pipeline company’s stock after buying an additional 2,767,538 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Kinder Morgan were worth $96,559,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Carmichael Hill & Associates Inc. purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $25,000. Coastal Capital Group Inc. increased its holdings in Kinder Morgan by 163.6% during the 4th quarter. Coastal Capital Group Inc. now owns 1,244 shares of the pipeline company’s stock valued at $26,000 after purchasing an additional 772 shares during the period. PSI Advisors LLC bought a new position in Kinder Morgan during the 4th quarter valued at approximately $26,000. RMR Wealth Builders purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $26,000. Finally, Red Door Wealth Management LLC bought a new stake in shares of Kinder Morgan in the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.
In related news, Chairman Richard D. Kinder acquired 300,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $18.88 per share, with a total value of $5,664,000.00. Following the completion of the purchase, the chairman now directly owns 243,739,120 shares of the company’s stock, valued at $4,601,794,585.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William A. Smith acquired 6,500 shares of the stock in a transaction dated Thursday, April 30th. The shares were bought at an average cost of $15.35 per share, for a total transaction of $99,775.00. Following the completion of the transaction, the director now owns 21,087 shares in the company, valued at $323,685.45. The disclosure for this purchase can be found here. Insiders acquired 1,406,500 shares of company stock worth $24,957,775 over the last quarter. Insiders own 14.19% of the company’s stock.
Kinder Morgan stock traded up $0.34 during mid-day trading on Tuesday, reaching $15.75. 380,285 shares of the stock traded hands, compared to its average volume of 13,895,861. Kinder Morgan Inc has a 12-month low of $9.42 and a 12-month high of $22.58. The business’s 50-day moving average is $14.89 and its 200-day moving average is $18.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.55 and a quick ratio of 0.50. The stock has a market capitalization of $35.78 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 7.15 and a beta of 1.04.
Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.03). Kinder Morgan had a net margin of 10.31% and a return on equity of 6.24%. The firm had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan Inc will post 0.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a dividend of $0.2625 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.25. This represents a $1.05 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Friday, May 1st. Kinder Morgan’s dividend payout ratio is currently 110.53%.
About Kinder Morgan
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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