Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Decreased by Herold Advisors Inc.

Herold Advisors Inc. cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,605 shares of the pipeline company’s stock after selling 690 shares during the period. Herold Advisors Inc.’s holdings in Kinder Morgan were worth $487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMI. Bryn Mawr Capital Management LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $860,000. Motley Fool Asset Management LLC raised its holdings in shares of Kinder Morgan by 5.9% during the fourth quarter. Motley Fool Asset Management LLC now owns 61,207 shares of the pipeline company’s stock valued at $1,080,000 after acquiring an additional 3,424 shares during the period. Jackson Hole Capital Partners LLC raised its holdings in shares of Kinder Morgan by 6.2% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 207,153 shares of the pipeline company’s stock valued at $3,654,000 after acquiring an additional 12,071 shares during the period. Community Bank N.A. raised its holdings in shares of Kinder Morgan by 5.1% during the fourth quarter. Community Bank N.A. now owns 63,090 shares of the pipeline company’s stock valued at $1,112,000 after acquiring an additional 3,050 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Kinder Morgan by 4.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 72,008 shares of the pipeline company’s stock valued at $1,270,000 after acquiring an additional 2,998 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.20.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.12 during trading hours on Friday, hitting $18.68. 9,412,314 shares of the stock were exchanged, compared to its average volume of 14,246,453. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The company’s 50 day moving average is $17.98 and its 200 day moving average is $17.47. The firm has a market capitalization of $41.46 billion, a P/E ratio of 16.98, a P/E/G ratio of 5.31 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. On average, research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

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

Insider Buying and Selling at Kinder Morgan

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

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.