Kinder Morgan, Inc. (NYSE:KMI) Holdings Cut by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,008 shares of the pipeline company’s stock after selling 1,019 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Kinder Morgan were worth $2,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. White Pine Capital LLC lifted its position in Kinder Morgan by 6.6% in the 4th quarter. White Pine Capital LLC now owns 23,820 shares of the pipeline company’s stock worth $420,000 after buying an additional 1,470 shares in the last quarter. Private Wealth Partners LLC raised its holdings in shares of Kinder Morgan by 53.4% during the 4th quarter. Private Wealth Partners LLC now owns 233,610 shares of the pipeline company’s stock valued at $4,121,000 after purchasing an additional 81,356 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Kinder Morgan by 45.4% during the 4th quarter. Citizens Financial Group Inc. RI now owns 20,408 shares of the pipeline company’s stock valued at $360,000 after purchasing an additional 6,377 shares in the last quarter. Spinnaker Trust raised its holdings in shares of Kinder Morgan by 1.9% during the 4th quarter. Spinnaker Trust now owns 141,736 shares of the pipeline company’s stock valued at $2,500,000 after purchasing an additional 2,589 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Kinder Morgan by 1.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 4,014,506 shares of the pipeline company’s stock valued at $70,816,000 after purchasing an additional 59,290 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial restated a “hold” rating and set a $20.00 price target (down previously 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’s stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.12 during midday trading on Friday, reaching $18.68. The stock had a trading volume of 9,415,524 shares, compared to its average volume of 13,001,248. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92. The firm’s fifty day simple moving average is $17.98 and its 200-day simple moving average is $17.48. 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 stock has a market capitalization of $41.46 billion, a P/E ratio of 16.98, a PEG ratio of 5.28 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last posted its 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 for the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 6.16%. 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. Kinder Morgan’s dividend payout ratio (DPR) is currently 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.