Amalgamated Bank Sells 24,870 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Amalgamated Bank trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 483,092 shares of the pipeline company’s stock after selling 24,870 shares during the quarter. Amalgamated Bank’s holdings in Kinder Morgan were worth $8,522,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KMI. Gotham Asset Management LLC lifted its stake in shares of Kinder Morgan by 11.3% in the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after buying an additional 54,184 shares in the last quarter. Virginia Wealth Management Group Inc. lifted its position in Kinder Morgan by 1.6% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock valued at $3,337,000 after acquiring an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Kinder Morgan by 69.2% during the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after purchasing an additional 1,617,250 shares during the last quarter. Teza Capital Management LLC increased its holdings in Kinder Morgan by 190.9% during the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after purchasing an additional 346,000 shares in the last quarter. Finally, Rheos Capital Works Inc. raised its stake in shares of Kinder Morgan by 285.7% in the fourth quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock worth $19,051,000 after purchasing an additional 800,000 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on KMI shares. Truist Financial reaffirmed a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $20.20.

Insider Activity

In related 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 value of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $18.57 on Friday. The company has a market capitalization of $41.21 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 5.23 and a beta of 0.89. The company’s 50-day moving average is $18.10 and its 200 day moving average is $17.52. 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, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.92.

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

Kinder Morgan Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.19%. Kinder Morgan’s payout ratio is presently 104.55%.

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.