Motley Fool Asset Management LLC Acquires 3,424 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Motley Fool Asset Management LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,207 shares of the pipeline company’s stock after acquiring an additional 3,424 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Kinder Morgan were worth $1,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KMI. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the 3rd quarter worth $99,908,000. Invesco Ltd. grew its position in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after acquiring an additional 4,870,444 shares during the last quarter. Bank of Nova Scotia raised its stake in shares of Kinder Morgan by 2,463.8% during the third quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock worth $73,678,000 after acquiring an additional 4,270,461 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings 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 worth $65,750,000 after acquiring an additional 3,640,939 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in shares of Kinder Morgan by 68.6% during 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 during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.6 %

NYSE KMI traded down $0.12 during trading on Friday, hitting $18.68. The company had a trading volume of 9,412,314 shares, compared to its average volume of 14,246,453. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. The company’s fifty day moving average is $17.98 and its 200-day moving average is $17.47. The company has a market cap of $41.46 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 5.31 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business 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 firm posted $0.30 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.2875 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.16%. Kinder Morgan’s dividend payout ratio is 102.73%.

Insider Buying and Selling at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

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

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.