Norges Bank Takes $218.73 Million Position in Kinder Morgan, Inc. (NYSE:KMI)


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Norges Bank bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,000,954 shares of the pipeline company’s stock, valued at approximately $218,733,000.

Other large investors have also recently modified their holdings of the company. Chiron Capital Management LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at approximately $25,000. Cowa LLC bought a new position in Kinder Morgan in the 4th quarter valued at approximately $25,000. ForthRight Wealth Management LLC bought a new position in Kinder Morgan in the 4th quarter valued at approximately $27,000. Carmichael Hill & Associates Inc. lifted its stake in Kinder Morgan by 86.2% in the 4th quarter. Carmichael Hill & Associates Inc. now owns 2,164 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 1,002 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in Kinder Morgan in the 4th quarter valued at approximately $31,000. Institutional investors own 60.02% of the company’s stock.

KMI opened at $16.93 on Thursday. Kinder Morgan, Inc. has a twelve month low of $11.45 and a twelve month high of $17.97. The company has a quick ratio of 0.54, a current ratio of 0.61 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $15.89 and a 200-day moving average of $14.28. The stock has a market cap of $38.34 billion, a PE ratio of 338.60, a price-to-earnings-growth ratio of 5.61 and a beta of 0.98.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Tuesday, January 19th. The pipeline company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Kinder Morgan had a net margin of 1.02% and a return on equity of 6.07%. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the company posted $0.26 earnings per share. Kinder Morgan’s revenue for the quarter was down 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 0.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Monday, February 1st were issued a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date was Friday, January 29th. Kinder Morgan’s payout ratio is 110.53%.

Several equities analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of Kinder Morgan from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, March 29th. Raymond James downgraded shares of Kinder Morgan from an “outperform” rating to a “market perform” rating in a research note on Monday, January 11th. Zacks Investment Research downgraded shares of Kinder Morgan from a “hold” rating to a “sell” rating and set a $16.00 price objective for the company. in a research note on Monday, January 25th. TheStreet downgraded shares of Kinder Morgan from a “b-” rating to a “c+” rating in a research note on Thursday, March 18th. Finally, Credit Suisse Group downgraded shares of Kinder Morgan from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Thursday, December 17th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.38.

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 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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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