Kinder Morgan Inc (KMI) Stake Reduced by Smith Salley & Associates

Kinder Morgan Inc (KMI) Stake Reduced by Smith Salley & Associates

Other hedge funds have also recently made changes to their positions in the company. Moody Lynn & Lieberson LLC increased its stake in shares of Kinder Morgan by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 18,529 shares of the pipeline company’s stock worth $403,000 after buying an additional 50 shares in the last quarter. Sippican Capital Advisors increased its stake in shares of Kinder Morgan by 0.7% in the first quarter. Sippican Capital Advisors now owns 11,165 shares of the pipeline company’s stock worth $243,000 after buying an additional 75 shares in the last quarter. Cim Investment Mangement Inc. increased its stake in shares of Kinder Morgan by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 13,098 shares of the pipeline company’s stock worth $271,000 after buying an additional 156 shares in the last quarter. Boys Arnold & Co. Inc. increased its stake in shares of Kinder Morgan by 1.1% in the first quarter. Boys Arnold & Co. Inc. now owns 25,124 shares of the pipeline company’s stock worth $546,000 after buying an additional 284 shares in the last quarter. Finally, Parsons Capital Management Inc. RI increased its stake in shares of Kinder Morgan by 1.7% in the first quarter. Parsons Capital Management Inc. RI now owns 22,527 shares of the pipeline company’s stock worth $490,000 after buying an additional 382 shares in the last quarter. Institutional investors and hedge funds own 55.78% of the company’s stock.

Smith Salley & Associates reduced its position in shares of Kinder Morgan Inc (NYSE:KMI) by 95.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,978 shares of the pipeline company’s stock after selling 433,408 shares during the period. Smith Salley & Associates’ holdings in Kinder Morgan were worth $499,000 as of its most recent filing with the SEC.

Shares of Kinder Morgan Inc (KMI) opened at 18.92 on Tuesday. Kinder Morgan Inc has a 1-year low of $17.07 and a 1-year high of $23.36. The company’s 50-day moving average price is $20.37 and its 200-day moving average price is $21.31. The company has a market capitalization of $42.24 billion, a PE ratio of 62.65 and a beta of 0.73.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 19th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Kinder Morgan had a net margin of 5.12% and a return on equity of 4.20%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.36 billion. During the same period last year, the firm posted $0.12 earnings per share. Kinder Morgan’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Kinder Morgan Inc will post $0.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 1st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.60%. The ex-dividend date was Thursday, April 27th. Kinder Morgan’s dividend payout ratio (DPR) is presently 200.00%.

A number of analysts recently weighed in on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $25.00 price target (down from $26.50) on shares of Kinder Morgan in a research report on Monday, May 15th. Vetr downgraded shares of Kinder Morgan from a “strong-buy” rating to a “buy” rating and set a $22.49 price target on the stock. in a research report on Monday, April 24th. Sanford C. Bernstein assumed coverage on shares of Kinder Morgan in a research report on Tuesday, May 16th. They issued a “market perform” rating on the stock. US Capital Advisors upgraded shares of Kinder Morgan from a “hold” rating to an “overweight” rating in a research report on Wednesday, March 15th. Finally, Macquarie assumed coverage on shares of Kinder Morgan in a research report on Friday, April 21st. They issued a “neutral” rating and a $21.00 price target on the stock. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $24.04.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KMI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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