IMA Wealth Inc. has $3.30M holdings in Kinder Morgan, Inc. (NYSE:KMI)
IMA Wealth Inc. elevated its holdings in Kinder Morgan, Inc. (NYSE:KMI – Get Score ) by 13.5% throughout the third quarter, in line with its most up-to-date submitting with the Securities and Change Fee. The fund owned 198,093 shares of the pipeline firm’s inventory after shopping for a further 23,620 shares throughout the interval. The holdings of IMA Wealth Inc. in Kinder Morgan had been $3,296,000 on the finish of the newest quarter.
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Different hedge funds and different institutional buyers have additionally lately made adjustments to their positions within the firm. Fairfield Bush & CO. bought a brand new place in Kinder Morgan throughout the first quarter valued at $93,000. American Century Firms Inc. grew its stake in Kinder Morgan by 12.3% throughout the first quarter. American Century Firms Inc. now owns 91,931 shares of the pipeline firm’s inventory price $1,739,000 after buying a further 10,079 shares within the final quarter. Acadian Asset Administration LLC grew its stake in Kinder Morgan by 48,564.7% throughout the first quarter. Acadian Asset Administration LLC now owns 8,273 shares of the pipeline firm’s inventory valued at $156,000 after buying a further 8,256 shares within the final quarter. Synovus Monetary Corp raised its stake in Kinder Morgan by 1.6% throughout the first quarter. Synovus Monetary Corp now owns 90,218 shares of the pipeline firm’s inventory price $1,705,000 after buying a further 1,408 shares within the final quarter. Lastly, Sequoia Monetary Advisors LLC acquired a brand new place in shares of Kinder Morgan within the first quarter valued at roughly $263,000. 60.48% of the inventory at present belongs to institutional buyers and hedge funds.
Wall Avenue analysts predict progress
A number of analysis analysts have lately issued studies on KMI shares. Scotiabank initiated protection on Kinder Morgan in a analysis observe on Thursday, March 2nd. They issued a “sector carry out” score and a $20.00 value goal for the corporate. Sanford C. Bernstein raised Kinder Morgan from a “market carry out” score to an “outperform” score and upped their value goal for the inventory from $19.00 to $22.00 in a analysis observe on Wednesday, March 1st. Barclays upped their value goal on Kinder Morgan from $20.00 to $21.00 and gave the inventory an “equal weight” score in a analysis observe on Wednesday, January 18th. Morgan Stanley boosted their value goal on Kinder Morgan from $20.00 to $21.00 and gave the inventory an “underweight” score in a analysis observe on Monday, January ninth. Lastly, Citigroup initiated protection on Kinder Morgan in a report on Thursday, December eighth. They issued a “impartial” score and a $19.00 goal value for the corporate. Two analysts have rated the inventory with a promote score, seven have assigned a maintain score and two have assigned a purchase score to the corporate’s inventory. The corporate has a consensus score of “Maintain” and a mean goal value of $20.55, in line with MarketBeat.com.
Insider Shopping for and Promoting at Kinder Morgan
In associated information, VP John W. Schlosser bought 1,500 shares of the inventory in a transaction dated Wednesday, January twenty fifth. The shares had been bought at a mean value of $18.44, for a complete worth of $27,660.00. Following the sale, the vice chairman now straight owns 19,719 shares of the corporate’s inventory, valued at roughly $363,618.36. The transaction was disclosed in a submitting with the Securities and Change Fee, which is accessible by way of the SEC’s web site. In different Kinder Morgan information, VP Anthony B. Ashley bought 13,232 shares of the corporate’s inventory in a transaction that occurred on Wednesday, February fifteenth. The shares had been bought at a mean value of $18.14, for a complete worth of $240,028.48. Following the completion of the sale, the vice chairman now straight owns 27,826 shares of the corporate’s inventory, valued at $504,763.64. The sale was disclosed in a authorized submitting with the SEC, which is out there by way of this hyperlink. Additionally, VP John W. Schlosser bought 1,500 shares of the corporate’s inventory in a transaction that occurred on Wednesday, January twenty fifth. The shares had been bought at a mean value of $18.44, for a complete transaction of $27,660.00. Following the completion of the sale, the vice chairman now owns 19,719 shares within the firm, valued at $363,618.36. Disclosure for this sale will be discovered right here. Insiders bought 16,232 shares of firm inventory valued at $294,958 during the last 90 days. Insiders personal 14.22% of the corporate’s inventory.
Kinder Morgan shares rose 0.2%
NYSE KMI traded up $0.03 throughout mid-day buying and selling on Friday, reaching $17.17. The inventory had a buying and selling quantity of three,367,457 shares, in comparison with a mean quantity of 12,228,592. Kinder Morgan, Inc. it has a 1 12 months low of $15.77 and a 1 12 months excessive of $20.20. The inventory has a market cap of $38.60 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 5.23 and a beta of 0.95. The corporate has a fifty day transferring common of $18.13 and a 200 day transferring common of $18.03. The corporate has a debt-to-equity ratio of 0.88, a present ratio of 0.55, and a fast ratio of 0.46.
Kinder Morgan (NYSE:KMI – Get Score ) final issued its quarterly earnings knowledge on Wednesday, January 18th. The pipeline firm reported $0.31 earnings per share (EPS) for the quarter, assembly analysts’ consensus estimates of $0.31. Kinder Morgan had a web margin of 13.27% and a return on fairness of 8.26%. The corporate had income of $4.58 billion throughout the quarter, in comparison with the consensus estimate of $4.86 billion. Throughout the identical quarter final 12 months, the corporate posted $0.27 EPS. The corporate’s income for the quarter was up 3.5% in comparison with the identical quarter final 12 months. On common, analysis analysts count on that Kinder Morgan, Inc. will submit earnings of 1.1 per share for the present 12 months.
Kinder Morgan publicizes dividend
The enterprise additionally lately disclosed a quarterly dividend, which was paid on Wednesday, February fifteenth. Shareholders of file on Tuesday, January thirty first got a dividend of $0.2775 per share. This represents an annual dividend of $1.11 and a dividend yield of 6.46%. The ex-dividend date of this dividend was Monday, January thirtieth. Kinder Morgan’s dividend payout ratio (DPR) is at present 99.11%.
Kinder Morgan declared that its board has initiated a inventory buyback program on Wednesday, January 18th that authorizes the corporate to buyback $1.00 billion in shares. This repurchase authorization authorizes the pipeline firm to buy as much as 2.4% of its shares by way of open market purchases. Inventory buyback applications are normally a sign that an organization’s administration believes its inventory is undervalued.
About Kinder Morgan
Kinder Morgan, Inc. is engaged within the provision of pure fuel transportation companies by pipeline. It operates by way of the next enterprise segments: Pure Gasoline Pipelines, Product Pipelines, Terminals and CO2. The Pure Gasoline Pipelines section operates massive interstate and intrastate pipelines and pure fuel storage techniques.
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