Sargent Investment Group LLC Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Sargent Investment Group LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,404 shares of the pipeline company’s stock after purchasing an additional 3,353 shares during the quarter. Sargent Investment Group LLC’s holdings in Kinder Morgan were worth $1,471,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KMI. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the 3rd quarter worth about $99,908,000. Invesco Ltd. raised its holdings in shares of Kinder Morgan by 29.4% in the 3rd quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after purchasing an additional 4,870,444 shares during the period. Bank of Nova Scotia raised its holdings in shares of Kinder Morgan by 2,463.8% in the 3rd quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock worth $73,678,000 after purchasing an additional 4,270,461 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of Kinder Morgan by 1,121.4% in the third quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company’s stock valued at $65,750,000 after buying an additional 3,640,939 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its stake in shares of Kinder Morgan by 68.6% in the third quarter. Kayne Anderson Capital Advisors LP now owns 5,696,090 shares of the pipeline company’s stock valued at $94,441,000 after buying an additional 2,317,197 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KMI shares. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Stock Down 0.6 %

NYSE KMI traded down $0.12 during mid-day trading on Friday, reaching $18.68. 9,415,524 shares of the company’s stock traded hands, 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 company has a fifty day simple moving average of $17.98 and a 200-day simple moving average of $17.48. 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 company has a market cap of $41.46 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 5.28 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share 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 firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the firm earned $0.30 EPS. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.2875 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 6.16%. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

Insider Transactions at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, April 22nd. The stock was 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 owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.64% 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.