Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Evanson Asset Management LLC

Evanson Asset Management LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 47.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,641 shares of the pipeline company’s stock after selling 12,101 shares during the quarter. Evanson Asset Management LLC’s holdings in Kinder Morgan were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC grew its position in Kinder Morgan by 102,208.0% in 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 buying an additional 41,030,376 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Kinder Morgan by 1,352.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after buying an additional 34,269,435 shares in the last quarter. Norges Bank bought a new position in Kinder Morgan in the 4th quarter valued at about $256,613,000. Cohen & Steers Inc. grew its position in Kinder Morgan by 1,217.2% in the 2nd quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock valued at $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 position in Kinder Morgan in the 3rd quarter valued at about $99,908,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.0 %

KMI stock traded up $0.19 during mid-day trading on Thursday, reaching $18.34. 15,436,929 shares of the stock traded hands, compared to its average volume of 14,493,002. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.43. The company has a market cap of $40.70 billion, a P/E ratio of 17.14, a P/E/G ratio of 5.04 and a beta of 0.90. The stock’s fifty day moving average is $17.34 and its 200-day moving average is $17.21.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the prior year, the company posted $0.31 earnings per share. Kinder Morgan’s quarterly revenue was down 11.8% compared to the same quarter last year. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio is presently 105.61%.

Wall Street Analyst Weigh In

KMI has been the subject of a number of research analyst reports. Truist Financial reissued a “hold” rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a report on Monday. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and a consensus target price of $20.20.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 7,500 shares of the 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 completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.64% of the company’s stock.

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.