Uncommon Cents Investing LLC Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Uncommon Cents Investing LLC trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 56,415 shares of the pipeline company’s stock after selling 585 shares during the period. Uncommon Cents Investing LLC’s holdings in Kinder Morgan were worth $998,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMI. SageView Advisory Group LLC lifted its stake in Kinder Morgan by 3.0% in the third quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 596 shares during the last quarter. Wesbanco Bank Inc. lifted its position in shares of Kinder Morgan by 0.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after buying an additional 599 shares during the last quarter. Chronos Wealth Management LLC grew its stake in shares of Kinder Morgan by 2.7% during the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock worth $376,000 after acquiring an additional 600 shares during the period. Argonautica Private Wealth Management Inc. raised its stake in Kinder Morgan by 0.8% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock valued at $1,333,000 after acquiring an additional 615 shares during the period. Finally, Pacifica Partners Inc. lifted its holdings in Kinder Morgan by 0.3% during the fourth quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock valued at $3,217,000 after purchasing an additional 620 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 1.0 %

Shares of NYSE:KMI opened at $18.34 on Friday. The firm has a fifty day moving average of $17.34 and a 200 day moving average of $17.21. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.43. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35. The firm has a market capitalization of $40.70 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 5.11 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a $0.2825 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.16%. Kinder Morgan’s payout ratio is 105.61%.

Insider Activity

In related news, VP John W. Schlosser sold 7,500 shares of Kinder Morgan stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the transaction, the vice president now owns 3,219 shares in the company, valued at approximately $57,942. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KMI shares. 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. 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.20.

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.