Jackson Hole Capital Partners LLC Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Jackson Hole Capital Partners LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,153 shares of the pipeline company’s stock after purchasing an additional 12,071 shares during the quarter. Kinder Morgan accounts for approximately 0.9% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 26th largest holding. Jackson Hole Capital Partners LLC’s holdings in Kinder Morgan were worth $3,654,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KMI. Tucker Asset Management LLC bought a new stake in shares of Kinder Morgan during the third quarter worth $25,000. Hartford Financial Management Inc. bought a new stake in shares of Kinder Morgan during the third quarter worth $26,000. Activest Wealth Management bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $30,000. OFI Invest Asset Management bought a new stake in shares of Kinder Morgan in the third quarter valued at about $33,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Kinder Morgan in the fourth quarter valued at about $33,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.1 %

Kinder Morgan stock traded down $0.01 during trading hours on Thursday, reaching $18.80. The stock had a trading volume of 17,385,360 shares, compared to its average volume of 14,306,079. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.92. The company has a market cap of $41.72 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 5.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. The business’s 50 day moving average price is $17.95 and its 200-day moving average price is $17.46.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.12%. Kinder Morgan’s payout ratio is presently 102.73%.

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.