Fractal Investments LLC Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Fractal Investments LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 28.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 686,492 shares of the pipeline company’s stock after buying an additional 150,000 shares during the quarter. Kinder Morgan accounts for about 2.5% of Fractal Investments LLC’s portfolio, making the stock its 12th largest holding. Fractal Investments LLC’s holdings in Kinder Morgan were worth $12,110,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. Charles Schwab Investment Management Inc. grew its holdings in shares of Kinder Morgan by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after purchasing an additional 87,516 shares during the period. Northern Trust Corp grew its stake in shares of Kinder Morgan by 3.0% in the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after purchasing an additional 639,467 shares in the last quarter. Invesco Ltd. lifted 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 valued at $355,451,000 after buying an additional 4,870,444 shares during the period. Morgan Stanley lifted its holdings in shares of Kinder Morgan by 4.1% in the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after buying an additional 796,829 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan during the third quarter valued at $99,908,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 0.3 %

NYSE:KMI traded up $0.05 during trading hours on Wednesday, hitting $18.81. 12,485,494 shares of the company were exchanged, compared to its average volume of 14,267,062. The company has a fifty day simple moving average of $17.91 and a 200 day simple moving average of $17.45. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $41.75 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 5.32 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. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced 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. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.11%. Kinder Morgan’s payout ratio is presently 104.55%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Truist Financial restated a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.20.

Insider Transactions at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 12.81% of the company’s stock.

About Kinder Morgan

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.