Donald L. Hagan LLC, an investment advisory firm, has increased its ownership stake in Kinder Morgan, Inc., a prominent energy infrastructure company operating in North America. In the first quarter of this year, the firm raised its position by 21.3%, as indicated in its recent filing with the Securities and Exchange Commission (SEC). This move was accompanied by the acquisition of an additional 9,310 shares of Kinder Morgan stock, resulting in Donald L. Hagan LLC’s total holdings reaching 52,921 shares. These holdings are valued at $927,000 based on the most recent SEC filing.
Kinder Morgan is a diversified company that operates in four main segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. Its Natural Gas Pipelines segment manages interstate and intrastate natural gas pipelines and underground storage systems. Additionally, it oversees natural gas gathering systems and facilities for processing and treating natural gas. The company also owns natural gas liquids fractionation facilities and transportation systems while possessing expertise in liquefied natural gas gasification, liquefaction, and storage.
Shares of Kinder Morgan commenced trading at $17.01 on Thursday. The company maintains a current ratio of 0.56 and quick ratio of 0.44—an indicator of its ability to swiftly meet short-term obligations with liquid assets—and carries a debt-to-equity ratio of 0.91 which signifies its reliance on borrowed funds to finance operations to some extent.
Investors have been closely monitoring Kinder Morgan’s financial performance as reflected in key moving averages—specifically the 50-day simple moving average which stands at $16.78 and the 200-day simple moving average positioned at $17.45—in order to gauge potential trends in stock movement over time.
With regards to market capitalization, Kinder Morgan holds a significant value amounting to $38.12 billion as investors gravitate towards companies within the energy infrastructure sector. Its price-to-earnings ratio of 15.05, when compared against industry peers, indicates a favorable valuation for the stock. However, its relatively high PEG ratio of 5.05 (a metric used to evaluate a company’s future earnings growth potential) implies that investors have priced this expectation into the stock.
In terms of market dynamics, Kinder Morgan’s beta of 0.94 suggests that it is less volatile than the overall market—an attractive attribute for risk-conscious investors seeking a stable investment opportunity.
Over the past twelve months, Kinder Morgan has witnessed a trading range between $15.92 and $19.35 per share, with the latter representing its yearly high. Investors should consider these levels for potential entry or exit points as they formulate their investment strategies moving forward.
Donald L. Hagan LLC’s decision to bolster its stake in Kinder Morgan emphasizes confidence in the company and its growth prospects within the energy infrastructure sector amidst changing market conditions and increasing global demand for energy resources.
As both domestic and international reliance on natural gas continues to grow, Kinder Morgan’s strategic position in vital areas of production, transportation, processing, and storage places it in an advantageous position within the industry.
Investors looking to align their portfolios with companies operating at the forefront of North America’s energy infrastructure landscape may find Kinder Morgan an appealing prospect for further analysis and consideration.
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Kinder Morgan Sees Significant Changes in Ownership and Analyst Ratings
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”KMI” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Institutional investors and hedge funds have been making significant modifications to their holdings of Kinder Morgan (KMI) in recent times. Fairfield Bush & CO. is among those that have purchased a new stake in shares of Kinder Morgan, with an investment worth approximately $93,000 in the first quarter. Meanwhile, American Century Companies Inc. has boosted its holdings in Kinder Morgan by 12.3% during the same period, now owning 91,931 shares valued at $1,739,000 after purchasing an additional 10,079 shares.
Acadian Asset Management LLC has also seen a substantial increase in its holdings of Kinder Morgan by a staggering 48,564.7% during the first quarter. They now own 8,273 shares valued at $156,000 after purchasing an additional 8,256 shares. Additionally, Synovus Financial Corp increased its holdings by 1.6%, now owning 90,218 shares valued at $1,705,000 after acquiring an additional 1,{408] shares last quarter.
Finally,{” “}Sequoia Financial Advisors LLC entered the market and acquired a new position in Kinder Morgan with a value of approximately $263,000 during the first quarter. All these adjustments indicate that hedge funds and other institutional investors maintain ownership of about 61.03% of the company’s stock.
Notably,{” “}several research analysts have recently offered their views on KMI shares as well. Sanford C. Bernstein upgraded their rating for Kinder Morgan from “market perform” to “outperform”, along with increasing their price target from $19 to $22 on March 1st according to reports{“.”} Similarly,{” “}Scotiabank initiated coverage for the company with{” “}a “sector perform” rating and set a reasonable price target at $20 on March 2nd{“.”} Meanwhile,{” “}StockNews.com expressed that it{“}’s presently holding a{” “}neutral standpoint, assigning{” “}Kinder Morgan{” “}a “hold” rating on the stock{“.”} Despite these varied assessments,{” “}Barclays reduced their price objective from $21.00 to $20.00 on April 18th.
According to Bloomberg, a survey of analysts suggests that Kinder Morgan currently has a consensus rating of “Hold” with an estimated average price target of $20.56 in the near term{“.”}
Kinder Morgan, Inc., operates as an energy infrastructure company primarily in North America. The company’s operations are divided into four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. Included in these segments are various assets such as interstate and intrastate natural gas pipelines, underground storage systems, gathering systems and processing facilities for natural gas; facilities for fractionating natural gas liquids and transporting them; liquefied natural gas facilities for gasification, liquefaction, and storage.
The latest quarterly earnings results show that Kinder Morgan reported $0.30 earnings per share for the quarter ended April 19th. This surpassed analysts’ consensus estimates by $0.01 per share. However,{” “}the revenue generated for the quarter amounted to only $3.89 billion compared to an expected total of{” “}around $4.75 billion.
The figures reveal that Kinder Morgan had a return on equity of 8.06% and net margin of 13.62%. The business experienced a 9.4% decrease in quarterly revenue compared to the previous year during the same period when they announced earning figures of $0.{32] per share.
Equity research analysts predict that Kinder Morgan will generate $1.{09] earnings per share over this current fiscal year based on current projections meted out over time…
Moreover,{” “}the firm recently announced a quarterly dividend payment which was made on May 15th this year to investors who were on record by May 1st of this year. The dividend amount stood at $0.{2825} per share, signaling an increase from the prior payout. This equates to an annualized total dividend amount of $1.13 and a yield of{” “}6.64% for{” “}investors.
In summary,{” “}Kinder Morgan remains a hot topic in the investment community, with various institutional investors and hedge funds adjusting their holdings accordingly during the first quarter of this year{“.”} An upswing in these activities reveals a sense of increased fervor surrounding Kinder Morgan. Keeping abreast of recent research analyst recommendations is also crucial for investors as they gauge whether to buy, hold or sell shares given conflicting opinions{“.”} As Kinder Morgan continues to operate in the energy infrastructure sector across North America, monitoring its performance vis-a-vis its earnings and dividends becomes paramount for those considering investments in the company’s stock.
