Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 56,261 shares of the pipeline company’s stock after purchasing an additional 1,037 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Kinder Morgan were worth $992,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Gotham Asset Management LLC grew its position in Kinder Morgan by 11.3% during the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after purchasing an additional 54,184 shares during the last quarter. Rheos Capital Works Inc. acquired a new position in Kinder Morgan during the third quarter worth about $4,642,000. Virginia Wealth Management Group Inc. raised its position in Kinder Morgan by 1.6% during the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after acquiring an additional 3,085 shares during the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of Kinder Morgan by 69.2% during the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock worth $65,577,000 after buying an additional 1,617,250 shares in the last quarter. Finally, Teza Capital Management LLC grew its holdings in shares of Kinder Morgan by 190.9% during the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after buying an additional 346,000 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMI has been the subject of several research reports. Truist Financial reiterated 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. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six equities research 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 a consensus rating of “Hold” and an average target price of $20.20.

Kinder Morgan Stock Performance

KMI stock traded down $0.11 on Monday, reaching $18.73. 2,924,688 shares of the company were exchanged, compared to its average volume of 14,131,197. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. The stock’s fifty day moving average price is $17.78 and its 200 day moving average price is $17.40. The firm has a market capitalization of $41.57 billion, a PE ratio of 17.13, a PEG ratio of 5.32 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.14%. Kinder Morgan’s dividend payout ratio is 102.73%.

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.