Madison Park Capital Advisors LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Madison Park Capital Advisors LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,434 shares of the pipeline company’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at approximately $99,908,000. Invesco Ltd. raised its position in shares of Kinder Morgan by 29.4% in the 3rd 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. Bank of Nova Scotia raised its position in shares of Kinder Morgan by 2,463.8% in the 3rd quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock valued at $73,678,000 after purchasing an additional 4,270,461 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of Kinder Morgan by 1,121.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company’s stock valued at $65,750,000 after purchasing an additional 3,640,939 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its position in shares of Kinder Morgan by 68.6% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 5,696,090 shares of the pipeline company’s stock valued at $94,441,000 after purchasing an additional 2,317,197 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.07 on Tuesday, hitting $18.76. The company’s stock had a trading volume of 12,913,431 shares, compared to its average volume of 14,289,917. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.92. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 5.32 and a beta of 0.90. The stock’s 50-day moving average is $17.87 and its two-hundred day moving average is $17.44. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 6.13%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s payout ratio is currently 102.73%.

Wall Street Analyst Weigh In

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