Benjamin Wallace-WellsIn other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.
Hedge Funds Weigh In On Kinder Morgan
CNCB found that Hedge funds have recently modified their holdings of the stock. Independent Advisor Alliance increased its stake in shares of Kinder Morgan by 13.8% in the fourth quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock worth $1,148,000 after acquiring an additional 7,912 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Kinder Morgan during the fourth quarter worth $2,101,000. LSV Asset Management acquired a new position in Kinder Morgan during the first quarter worth $8,818,000. Duality Advisers LP increased its position in Kinder Morgan by 42.7% during the first quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock worth $5,822,000 after buying an additional 94,984 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in Kinder Morgan by 221.3% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock worth $4,615,000 after buying an additional 173,313 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Price Performance
The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $45.55 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 3.18 and a beta of 0.93. The company’s 50-day simple moving average is $19.68 and its 200 day simple moving average is $18.44.
Analysts in CNBC explained that Kinder Morgan last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 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 gasification, liquefaction, and storage facilities.
Calin Van Paris
Christopher Luu
Benjamin Wallace-Wells