Trust Investment Advisors Sells 905 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Trust Investment Advisors cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 42,623 shares of the pipeline company’s stock after selling 905 shares during the period. Trust Investment Advisors’ holdings in Kinder Morgan were worth $752,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SageView Advisory Group LLC grew its position in shares of Kinder Morgan by 3.0% during the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after buying an additional 596 shares in the last quarter. Wesbanco Bank Inc. increased its position in Kinder Morgan by 0.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after purchasing an additional 599 shares during the period. Chronos Wealth Management LLC raised its holdings in shares of Kinder Morgan by 2.7% in the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock valued at $376,000 after purchasing an additional 600 shares in the last quarter. Cubic Asset Management LLC lifted its position in shares of Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after purchasing an additional 600 shares during the period. Finally, Argonautica Private Wealth Management Inc. boosted its stake in shares of Kinder Morgan by 0.8% during the third quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock valued at $1,333,000 after purchasing an additional 615 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Truist Financial restated a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Stock Up 2.5 %

NYSE KMI traded up $0.45 on Thursday, hitting $18.21. The stock had a trading volume of 25,574,715 shares, compared to its average volume of 14,123,591. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.72. The business’s fifty day moving average price is $17.71 and its 200 day moving average price is $17.36. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. The stock has a market cap of $40.41 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90.

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 the consensus estimate of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently announced 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 yield of 6.32%. The ex-dividend date is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 105.61%.

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.