Charles Schwab Investment Management Inc. Purchases 317,980 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Charles Schwab Investment Management Inc. grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,187,667 shares of the pipeline company’s stock after purchasing an additional 317,980 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.36% of Kinder Morgan worth $506,320,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KMI. Gotham Asset Management LLC raised its stake in Kinder Morgan by 11.3% during the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after buying an additional 54,184 shares during the period. Virginia Wealth Management Group Inc. grew its stake in shares of Kinder Morgan by 1.6% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after acquiring an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Kinder Morgan by 69.2% during the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after purchasing an additional 1,617,250 shares in the last quarter. Teza Capital Management LLC grew its position in Kinder Morgan by 190.9% in the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after purchasing an additional 346,000 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its position in shares of Kinder Morgan by 285.7% during the 4th quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock worth $19,051,000 after buying an additional 800,000 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.16 during mid-day trading on Tuesday, hitting $18.78. The company had a trading volume of 11,863,776 shares, compared to its average volume of 14,197,490. The stock’s 50-day moving average price is $18.16 and its 200-day moving average price is $17.55. The company has a market capitalization of $41.67 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 5.23 and a beta of 0.89. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current 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 paid a $0.2875 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Wall Street Analyst Weigh In

KMI has been the topic 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, March 25th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $20.20.

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.