2,399 Shares in Kinder Morgan, Inc. (NYSE:KMI) Purchased by EdgeRock Capital LLC

EdgeRock Capital LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,399 shares of the pipeline company’s stock, valued at approximately $41,000.

A number of other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Kinder Morgan by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock worth $506,320,000 after purchasing an additional 317,980 shares in the last quarter. Northern Trust Corp increased its stake in Kinder Morgan by 3.0% during the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after acquiring an additional 639,467 shares during the period. Invesco Ltd. raised its stake in shares of Kinder Morgan by 29.4% in the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after purchasing an additional 4,870,444 shares in the last quarter. Morgan Stanley raised its stake in shares of Kinder Morgan by 4.1% in the 3rd quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after buying an additional 796,829 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Kinder Morgan in the third quarter valued at about $99,908,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI traded up $0.04 during trading hours on Wednesday, reaching $18.81. 11,517,825 shares of the company’s stock were exchanged, compared to its average volume of 14,167,697. The firm has a fifty day moving average of $18.16 and a 200-day moving average of $17.55. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The stock has a market cap of $41.75 billion, a PE ratio of 17.10, a price-to-earnings-growth 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 (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 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 for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

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

Insider Activity at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction 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 sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent research reports. Truist Financial reaffirmed a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Kinder Morgan presently has an average 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.