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Scotia Capital Inc. Increases Position in Kinder Morgan, Inc. (NYSE:KMI)

Defense World · Aug 15, 2022 07:01

Scotia Capital Inc. lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,676 shares of the pipeline company's stock after acquiring an additional 2,250 shares during the quarter. Scotia Capital Inc.'s holdings in Kinder Morgan were worth $391,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of KMI. Qube Research & Technologies Ltd increased its position in shares of Kinder Morgan by 456.9% during the fourth quarter. Qube Research & Technologies Ltd now owns 802,174 shares of the pipeline company's stock worth $12,722,000 after acquiring an additional 658,125 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Kinder Morgan by 16.9% in the fourth quarter. Fisher Asset Management LLC now owns 17,110 shares of the pipeline company's stock valued at $271,000 after buying an additional 2,477 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Kinder Morgan by 2.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 212,580 shares of the pipeline company's stock valued at $3,690,000 after buying an additional 4,899 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Kinder Morgan by 5.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 122,350 shares of the pipeline company's stock worth $1,940,000 after buying an additional 5,850 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Kinder Morgan by 0.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 257,464 shares of the pipeline company's stock worth $4,083,000 after acquiring an additional 1,712 shares in the last quarter. 58.53% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KMI shares. Wells Fargo & Company reduced their price objective on Kinder Morgan to $20.00 and set an "equal weight" rating on the stock in a research note on Friday, May 20th. Morgan Stanley raised their price objective on Kinder Morgan from $19.00 to $20.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 20th. Barclays reduced their price objective on Kinder Morgan from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 20th. Mizuho raised their price objective on Kinder Morgan from $21.00 to $22.00 in a research note on Thursday, April 21st. Finally, TD Securities raised their price objective on Kinder Morgan from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Thursday, April 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.14.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $18.69 on Monday. Kinder Morgan, Inc. has a 1-year low of $15.01 and a 1-year high of $20.20. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.52 and a quick ratio of 0.42. The business's fifty day moving average price is $17.49 and its two-hundred day moving average price is $18.10. The firm has a market capitalization of $42.11 billion, a PE ratio of 17.47, a P/E/G ratio of 5.18 and a beta of 0.94.

Kinder Morgan (NYSE:KMI – Get Rating) last issued its earnings results on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company earned $0.23 earnings per share. The firm's revenue for the quarter was up 63.5% on a year-over-year basis. On average, research analysts expect that Kinder Morgan, Inc. will post 1.2 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend is Friday, July 29th. Kinder Morgan's dividend payout ratio (DPR) is 103.74%.

Insider Activity

In other news, VP John W. Schlosser sold 1,500 shares of the firm's stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $19.21, for a total transaction of $28,815.00. Following the transaction, the vice president now directly owns 31,719 shares of the company's stock, valued at $609,321.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP John W. Schlosser sold 3,000 shares of the firm's stock in a transaction on Monday, July 25th. The stock was sold at an average price of $18.00, for a total transaction of $54,000.00. Following the transaction, the vice president now directly owns 28,719 shares of the company's stock, valued at $516,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 1,500 shares of the firm's stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $19.21, for a total value of $28,815.00. Following the transaction, the vice president now directly owns 31,719 shares in the company, valued at $609,321.99. The disclosure for this sale can be found here. Corporate insiders own 14.22% of the company's stock.

Kinder Morgan Company Profile

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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.