Benjamin F. Edwards & Company Inc. Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

Benjamin F. Edwards & Company Inc. grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 43.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 141,248 shares of the pipeline company’s stock after buying an additional 43,056 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Kinder Morgan were worth $2,492,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Tucker Asset Management LLC bought a new stake in shares of Kinder Morgan in the third quarter worth approximately $25,000. Activest Wealth Management bought a new position in shares of Kinder Morgan in the fourth quarter worth approximately $30,000. OFI Invest Asset Management bought a new position in shares of Kinder Morgan in the third quarter worth approximately $33,000. Rakuten Securities Inc. bought a new position in shares of Kinder Morgan in the fourth quarter worth approximately $33,000. Finally, Gradient Investments LLC boosted its position in shares of Kinder Morgan by 57.1% in the fourth quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock worth $45,000 after purchasing an additional 920 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of recent analyst reports. Truist Financial reiterated a “hold” rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Hold” and an average price target of $20.20.

Kinder Morgan Trading Up 0.6 %

NYSE KMI opened at $18.57 on Friday. The company’s 50-day moving average price is $18.10 and its 200-day moving average price is $17.52. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The stock has a market cap of $41.21 billion, a PE ratio of 16.88, a PEG ratio of 5.23 and a beta of 0.89. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.92.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting 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 prior year, the business posted $0.30 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. 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 declared 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 represents a $1.15 annualized dividend 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 is Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the 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 completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 12.64% of the stock is currently owned by insiders.

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.