Donoghue Forlines LLC Buys 1,676 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Donoghue Forlines LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 39,257 shares of the pipeline company’s stock after buying an additional 1,676 shares during the period. Donoghue Forlines LLC’s holdings in Kinder Morgan were worth $692,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Gotham Asset Management LLC raised its holdings in Kinder Morgan by 11.3% during the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after purchasing an additional 54,184 shares during the last quarter. Virginia Wealth Management Group Inc. grew its position in shares of Kinder Morgan by 1.6% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after buying an additional 3,085 shares during the period. Bahl & Gaynor Inc. grew its position in shares of Kinder Morgan by 69.2% during the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock worth $65,577,000 after buying an additional 1,617,250 shares during the period. Teza Capital Management LLC raised its stake in shares of Kinder Morgan by 190.9% during the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after buying an additional 346,000 shares during the last quarter. Finally, Rheos Capital Works Inc. lifted its holdings in 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 valued at $19,051,000 after buying an additional 800,000 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s 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 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 accessible through the SEC website. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMI. StockNews.com cut shares of 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 issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Price Performance

KMI opened at $19.08 on Friday. The company has a fifty day simple moving average of $18.26 and a 200 day simple moving average of $17.58. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock has a market cap of $42.35 billion, a P/E ratio of 17.35, a P/E/G ratio of 5.37 and a beta of 0.89. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $19.18.

Kinder Morgan (NYSE:KMI) last released 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 return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the firm posted $0.30 earnings per share. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. On average, research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.2875 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s payout ratio is currently 104.55%.

About Kinder Morgan

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.