Endurance Wealth Management Inc. decreased its holdings in shares of Kinder Morgan Inc (NYSE:KMI) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,337,983 shares of the pipeline company’s stock after selling 169,395 shares during the quarter. Kinder Morgan comprises approximately 4.6% of Endurance Wealth Management Inc.’s holdings, making the stock its biggest holding. Endurance Wealth Management Inc. owned approximately 0.06% of Kinder Morgan worth $27,575,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Marshall Wace LLP acquired a new position in Kinder Morgan in the 1st quarter worth $3,931,000. Nordea Investment Management AB raised its stake in shares of Kinder Morgan by 7.0% in the 1st quarter. Nordea Investment Management AB now owns 147,299 shares of the pipeline company’s stock valued at $2,946,000 after purchasing an additional 9,600 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at about $218,000. FMR LLC raised its stake in shares of Kinder Morgan by 12.0% in the 1st quarter. FMR LLC now owns 1,037,820 shares of the pipeline company’s stock valued at $20,767,000 after purchasing an additional 111,096 shares in the last quarter. Finally, Weaver Consulting Group acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 61.98% of the company’s stock.
In related news, insider Richard D. Kinder purchased 300,000 shares of Kinder Morgan stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $19.76 per share, with a total value of $5,928,000.00. Following the purchase, the insider now owns 241,879,496 shares in the company, valued at approximately $4,779,538,840.96. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Thomas A. Martin sold 20,733 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $20.65, for a total transaction of $428,136.45. Following the completion of the sale, the vice president now directly owns 908,974 shares of the company’s stock, valued at $18,770,313.10. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 1,305,000 shares of company stock valued at $26,061,550. 13.95% of the stock is owned by insiders.
NYSE KMI traded down $0.01 on Friday, hitting $20.03. The stock had a trading volume of 11,788,886 shares, compared to its average volume of 13,679,343. Kinder Morgan Inc has a one year low of $14.62 and a one year high of $21.50. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.93. The stock has a market cap of $46.48 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 4.29 and a beta of 0.80. The company’s 50-day moving average is $20.36 and its two-hundred day moving average is $20.39.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Kinder Morgan had a return on equity of 6.25% and a net margin of 15.21%. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the company posted $0.21 EPS. Kinder Morgan’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Kinder Morgan Inc will post 0.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Wednesday, October 30th. Kinder Morgan’s dividend payout ratio (DPR) is 112.36%.
Kinder Morgan 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 storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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