Silver Lake Advisory LLC Has $4.08 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Silver Lake Advisory LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 4.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,363 shares of the pipeline company’s stock after purchasing an additional 9,284 shares during the quarter. Kinder Morgan accounts for about 2.3% of Silver Lake Advisory LLC’s portfolio, making the stock its 20th largest holding. Silver Lake Advisory LLC’s holdings in Kinder Morgan were worth $4,081,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Kinder Morgan by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock valued at $472,464,000 after buying an additional 87,516 shares during the period. Northern Trust Corp grew its holdings in shares of Kinder Morgan by 3.0% during the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after purchasing an additional 639,467 shares in the last quarter. Invesco Ltd. increased its position in shares of Kinder Morgan by 29.4% in the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after purchasing an additional 4,870,444 shares during the period. Morgan Stanley raised its stake in Kinder Morgan by 4.1% in the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after purchasing an additional 796,829 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in Kinder Morgan during the third quarter worth about $99,908,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.6 %

Kinder Morgan stock traded up $0.11 during mid-day trading on Thursday, hitting $18.34. 4,876,162 shares of the stock were exchanged, compared to its average volume of 14,154,603. The firm’s fifty day simple moving average is $18.05 and its two-hundred day simple moving average is $17.51. 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, Inc. has a 12 month low of $15.89 and a 12 month high of $18.92. The stock has a market capitalization of $40.70 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 5.15 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share 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 business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm earned $0.30 earnings per share. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.27%. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Insider Activity at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 12.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMI. Truist Financial restated a “hold” rating and issued a $20.00 target price (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 research note on Friday, March 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.20.

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.