11,061 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 11,061 shares of the pipeline company’s stock, valued at approximately $187,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC boosted its stake in Kinder Morgan by 7.0% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 140,346 shares of the pipeline company’s stock worth $2,476,000 after purchasing an additional 9,162 shares during the period. Larson Financial Group LLC boosted its stake in Kinder Morgan by 65.6% in the 4th quarter. Larson Financial Group LLC now owns 4,581 shares of the pipeline company’s stock worth $81,000 after purchasing an additional 1,814 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Kinder Morgan by 22.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 737,820 shares of the pipeline company’s stock worth $13,015,000 after purchasing an additional 136,902 shares during the period. RWA Wealth Partners LLC boosted its stake in Kinder Morgan by 14.7% in the 4th quarter. RWA Wealth Partners LLC now owns 14,251 shares of the pipeline company’s stock worth $251,000 after purchasing an additional 1,830 shares during the period. Finally, Scott & Selber Inc. boosted its stake in shares of Kinder Morgan by 34.9% during the 4th quarter. Scott & Selber Inc. now owns 231,383 shares of the pipeline company’s stock valued at $4,082,000 after buying an additional 59,802 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.6 %

Kinder Morgan stock opened at $18.68 on Friday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The company’s fifty day moving average price is $17.98 and its two-hundred day moving average price is $17.47. 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 company has a market capitalization of $41.46 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 5.31 and a beta of 0.90.

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

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.2875 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.16%. Kinder Morgan’s dividend payout ratio (DPR) is currently 102.73%.

Insider Transactions at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on 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 owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KMI shares. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Company 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.