Chase Investment Counsel Corp Has $445,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Chase Investment Counsel Corp lessened its position in Kinder Morgan, Inc. (NYSE:KMI) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,240 shares of the pipeline company’s stock after selling 2,928 shares during the period. Chase Investment Counsel Corp’s holdings in Kinder Morgan were worth $445,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Tucker Asset Management LLC bought a new position in Kinder Morgan during the 3rd quarter worth $25,000. Hartford Financial Management Inc. acquired a new position in shares of Kinder Morgan in the third quarter worth approximately $26,000. Activest Wealth Management bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan during the 3rd quarter valued at approximately $33,000. Finally, Rakuten Securities Inc. bought a new position in Kinder Morgan during the 4th quarter worth approximately $33,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 1.0 %

Shares of NYSE KMI traded up $0.18 during trading on Monday, hitting $18.57. 5,301,054 shares of the company traded hands, compared to its average volume of 14,135,195. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The business’s fifty day moving average is $17.98 and its 200 day moving average is $17.48. The firm has a market capitalization of $41.21 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 5.28 and a beta of 0.90. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.92.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 earnings per share. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.19%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is 102.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KMI shares. 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 report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.81% of the stock is currently owned by insiders.

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.