Bruni J V & Co. Co. Has $20.64 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Bruni J V & Co. Co. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,170,117 shares of the pipeline company’s stock after selling 799 shares during the period. Kinder Morgan accounts for about 2.6% of Bruni J V & Co. Co.’s portfolio, making the stock its 20th largest holding. Bruni J V & Co. Co.’s holdings in Kinder Morgan were worth $20,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Gotham Asset Management LLC raised its holdings in Kinder Morgan by 11.3% during the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after acquiring an additional 54,184 shares in the last quarter. Virginia Wealth Management Group Inc. raised its stake in shares of Kinder Morgan by 1.6% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after purchasing an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of Kinder Morgan by 69.2% in the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after buying an additional 1,617,250 shares during the last quarter. Teza Capital Management LLC grew its stake in shares of Kinder Morgan by 190.9% in the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock valued at $8,742,000 after buying an additional 346,000 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its stake in Kinder Morgan by 285.7% in the fourth quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock valued at $19,051,000 after acquiring an additional 800,000 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.12 during mid-day trading on Friday, reaching $18.68. 9,415,524 shares of the company were exchanged, compared to its average volume of 13,001,248. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92. The stock has a market capitalization of $41.46 billion, a P/E ratio of 16.98, a P/E/G ratio of 5.28 and a beta of 0.90. The company’s 50-day simple moving average is $17.98 and its 200-day simple moving average is $17.48. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis 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 is currently 102.73%.

Insiders Place Their Bets

In related news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 12.64% of the company’s stock.

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.