RIA Advisory Group LLC Buys Shares of 9,397 Kinder Morgan, Inc. (NYSE:KMI)

RIA Advisory Group LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,397 shares of the pipeline company’s stock, valued at approximately $166,000.

Other hedge funds have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its position in shares of Kinder Morgan by 102,208.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock valued at $742,555,000 after buying an additional 41,030,376 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Kinder Morgan by 1,352.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after acquiring an additional 34,269,435 shares in the last quarter. Norges Bank purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $256,613,000. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Kinder Morgan in the third quarter valued at approximately $99,908,000. Finally, Invesco Ltd. grew its holdings in 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 last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded up $0.63 on Friday, hitting $18.84. 25,442,078 shares of the company were exchanged, compared to its average volume of 14,279,686. The firm has a market capitalization of $41.81 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.90. The stock’s 50 day moving average price is $17.74 and its 200 day moving average price is $17.37.

Kinder Morgan (NYSE:KMI) last issued its 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 net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a $0.2875 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 6.10%. Kinder Morgan’s payout ratio is 102.73%.

Analysts Set New Price Targets

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