Capital Analysts LLC Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Capital Analysts LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 16.0% during the fourth quarter, Holdings Channel reports. The firm owned 174,889 shares of the pipeline company’s stock after selling 33,403 shares during the quarter. Capital Analysts LLC’s holdings in Kinder Morgan were worth $3,085,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KMI. Tucker Asset Management LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $25,000. Hartford Financial Management Inc. purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $26,000. First Capital Advisors Group LLC. purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $29,000. Activest Wealth Management purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $30,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $33,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $17.97 on Tuesday. The stock’s fifty day moving average is $17.66 and its two-hundred day moving average is $17.35. The company has a market capitalization of $39.88 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.72.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business’s revenue was down 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.31 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s payout ratio is 105.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMI. 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 downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.