Axxcess Wealth Management LLC Boosts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Axxcess Wealth Management LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,163 shares of the pipeline company’s stock after acquiring an additional 10,697 shares during the period. Axxcess Wealth Management LLC’s holdings in Kinder Morgan were worth $2,208,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC grew its stake in Kinder Morgan by 7.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 482,052 shares of the pipeline company’s stock valued at $8,503,000 after acquiring an additional 34,951 shares in the last quarter. M&T Bank Corp grew its stake in shares of Kinder Morgan by 3.7% in the 4th quarter. M&T Bank Corp now owns 147,922 shares of the pipeline company’s stock worth $2,609,000 after buying an additional 5,331 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Kinder Morgan by 43.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 141,248 shares of the pipeline company’s stock worth $2,492,000 after buying an additional 43,056 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Kinder Morgan by 408.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 51,666 shares of the pipeline company’s stock worth $911,000 after buying an additional 41,509 shares in the last quarter. Finally, Natixis Advisors L.P. grew its stake in shares of Kinder Morgan by 15.1% in the 4th quarter. Natixis Advisors L.P. now owns 377,138 shares of the pipeline company’s stock worth $6,652,000 after buying an additional 49,586 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 0.6 %

KMI traded up $0.11 on Friday, reaching $18.57. 12,409,404 shares of the company traded hands, compared to its average volume of 14,362,760. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The firm has a fifty day simple moving average of $18.10 and a two-hundred day simple moving average of $17.52. The company has a market cap 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 has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.19%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Insider Buying and Selling at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KMI shares. Truist Financial reissued a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.20.

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.