CrestPoint Capital Management LLC Has $446,000 Position in Kinder Morgan Inc (KMI)

CrestPoint Capital Management LLC lowered its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 71.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,700 shares of the pipeline company’s stock after selling 61,900 shares during the period. CrestPoint Capital Management LLC’s holdings in Kinder Morgan were worth $446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. North Star Asset Management Inc. boosted its stake in shares of Kinder Morgan by 0.6% during the second quarter. North Star Asset Management Inc. now owns 10,029 shares of the pipeline company’s stock valued at $192,000 after acquiring an additional 61 shares during the last quarter. CNH Partners LLC boosted its stake in shares of Kinder Morgan by 0.4% during the second quarter. CNH Partners LLC now owns 27,467 shares of the pipeline company’s stock valued at $526,000 after acquiring an additional 100 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Kinder Morgan by 0.6% during the second quarter. Moors & Cabot Inc. now owns 142,874 shares of the pipeline company’s stock valued at $2,744,000 after acquiring an additional 896 shares during the last quarter. Ropes Wealth Advisors LLC boosted its stake in shares of Kinder Morgan by 3.5% during the second quarter. Ropes Wealth Advisors LLC now owns 28,696 shares of the pipeline company’s stock valued at $550,000 after acquiring an additional 964 shares during the last quarter. Finally, Waters Parkerson & CO. LLC boosted its stake in shares of Kinder Morgan by 4.3% during the second quarter. Waters Parkerson & CO. LLC now owns 24,317 shares of the pipeline company’s stock valued at $466,000 after acquiring an additional 1,000 shares during the last quarter. 60.78% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on the company. Wells Fargo & Co reaffirmed a “market perform” rating on shares of Kinder Morgan in a research note on Thursday, January 11th. Bank of America assumed coverage on Kinder Morgan in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. Zacks Investment Research lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Credit Suisse Group assumed coverage on Kinder Morgan in a research note on Thursday, January 4th. They set an “outperform” rating and a $23.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on Kinder Morgan from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.72.

Shares of Kinder Morgan Inc (NYSE KMI) opened at $19.57 on Thursday. The company has a quick ratio of 0.35, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. Kinder Morgan Inc has a 52 week low of $16.68 and a 52 week high of $23.01. The stock has a market capitalization of $43,302.52, a PE ratio of 34.95, a price-to-earnings-growth ratio of 1.32 and a beta of 0.62.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Tuesday, January 16th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Kinder Morgan had a return on equity of 4.33% and a net margin of 10.39%. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period last year, the company earned $0.08 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. equities analysts predict that Kinder Morgan Inc will post 0.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.55%. Kinder Morgan’s payout ratio is 89.29%.

In other news, VP Thomas A. Martin acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were bought at an average cost of $17.10 per share, for a total transaction of $51,300.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 13.99% of the stock is currently owned by company insiders.

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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.

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

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