Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 30,775 shares of the pipeline company’s stock after selling 3,433 shares during the period. Roman Butler Fullerton & Co.’s holdings in Kinder Morgan were worth $537,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in KMI. Moneta Group Investment Advisors LLC boosted 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 valued at $742,555,000 after purchasing an additional 41,030,376 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kinder Morgan by 1,352.5% in the fourth 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 during the period. Norges Bank acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $256,613,000. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the third quarter worth about $99,908,000. Finally, Invesco Ltd. boosted its holdings in shares of Kinder Morgan by 29.4% in the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after buying an additional 4,870,444 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $18.22 on Friday. The stock has a 50-day simple moving average of $17.74 and a 200 day simple moving average of $17.37. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.72. The stock has a market capitalization of $40.44 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 4.97 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 6.31%. The ex-dividend date is Monday, April 29th. Kinder Morgan’s payout ratio is currently 102.73%.

Analyst Ratings Changes

Several research analysts have commented on KMI shares. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and an average price target of $20.20.

Kinder Morgan Company 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.