Adell Harriman & Carpenter Inc. Has $1.07 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Adell Harriman & Carpenter Inc. cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.0% in the 4th quarter, HoldingsChannel reports. The fund owned 60,470 shares of the pipeline company’s stock after selling 2,540 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Kinder Morgan were worth $1,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KMI. Charles Schwab Investment Management Inc. increased its holdings in Kinder Morgan by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock valued at $472,464,000 after buying an additional 87,516 shares during the period. Northern Trust Corp increased its stake in Kinder Morgan by 3.0% in the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after acquiring an additional 639,467 shares during the last quarter. Invesco Ltd. raised its position in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after purchasing an additional 4,870,444 shares in the last quarter. Morgan Stanley lifted its stake in Kinder Morgan by 4.1% during the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after purchasing an additional 796,829 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at $99,908,000. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on KMI. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.20.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.81% of the company’s stock.

Kinder Morgan Trading Down 1.1 %

Shares of Kinder Morgan stock traded down $0.21 on Tuesday, hitting $18.39. The stock had a trading volume of 1,825,393 shares, compared to its average volume of 14,047,482. The stock has a 50 day moving average of $18.01 and a 200 day moving average of $17.49. The firm has a market capitalization of $40.81 billion, a P/E ratio of 16.91, a PEG ratio of 5.28 and a beta of 0.90. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.

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

Kinder Morgan Increases Dividend

The company also recently disclosed 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. This is a positive change 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 6.25%. The ex-dividend date is Monday, April 29th. Kinder Morgan’s dividend payout ratio is currently 102.73%.

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.