Kinder Morgan, Inc. (NYSE:KMI) Stock Position Increased by Strong Tower Advisory Services

Strong Tower Advisory Services boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,920 shares of the pipeline company’s stock after purchasing an additional 3,342 shares during the quarter. Strong Tower Advisory Services’ holdings in Kinder Morgan were worth $651,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its position in shares of Kinder Morgan by 102,208.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after buying an additional 41,030,376 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Kinder Morgan by 1,352.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after buying an additional 34,269,435 shares in the last quarter. Norges Bank bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $256,613,000. Cohen & Steers Inc. raised its position in shares of Kinder Morgan by 1,217.2% during the 2nd quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock worth $173,820,000 after buying an additional 9,327,755 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter worth about $99,908,000. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the transaction, the vice president now directly owns 3,219 shares of the company’s stock, valued at $57,942. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on KMI. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Up 1.0 %

NYSE KMI opened at $18.34 on Friday. The company’s 50 day simple moving average is $17.34 and its 200 day simple moving average is $17.21. The company has a market capitalization of $40.70 billion, a P/E ratio of 17.14, a PEG ratio of 5.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.43.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The business’s revenue was down 11.8% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. Equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is currently 105.61%.

Kinder Morgan Profile

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.