Altshuler Shaham Ltd Acquires Shares of 1,454 Kinder Morgan, Inc. (NYSE:KMI)

Altshuler Shaham Ltd acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,454 shares of the pipeline company’s stock, valued at approximately $26,000.

Other hedge funds have also recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new stake in Kinder Morgan during the 3rd quarter valued at approximately $25,000. Activest Wealth Management acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $30,000. OFI Invest Asset Management acquired a new position in shares of Kinder Morgan in the 3rd quarter worth approximately $33,000. Rakuten Securities Inc. acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $33,000. Finally, EdgeRock Capital LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI traded up $0.04 during trading on Wednesday, reaching $18.81. 11,517,825 shares of the company were exchanged, compared to its average volume of 14,167,697. The stock has a market cap of $41.75 billion, a P/E ratio of 17.10, a PEG ratio of 5.23 and a beta of 0.89. The firm has a 50 day moving average of $18.16 and a 200 day moving average of $17.55. 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 52 week low of $15.89 and a 52 week 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. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm 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 dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMI. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial restated a “hold” rating and set a $20.00 price objective (down 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. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Hold” and a consensus price target of $20.20.

Insiders Place Their Bets

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on 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 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 Securities & Exchange Commission, which is available at this hyperlink. 12.81% of the stock is currently owned by insiders.

Kinder Morgan Company 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.