Kinder Morgan, Inc. (NYSE:KMI) Stock Position Reduced by Bruni J V & Co. Co.

Bruni J V & Co. Co. decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,170,117 shares of the pipeline company’s stock after selling 799 shares during the quarter. Kinder Morgan makes up about 2.6% of Bruni J V & Co. Co.’s holdings, making the stock its 20th biggest position. Bruni J V & Co. Co. owned approximately 0.05% of Kinder Morgan worth $20,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of KMI. Tucker Asset Management LLC purchased a new position in Kinder Morgan in the third quarter valued at about $25,000. Hartford Financial Management Inc. bought a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $26,000. Activest Wealth Management acquired a new position in Kinder Morgan in the fourth quarter worth approximately $30,000. OFI Invest Asset Management bought a new position in Kinder Morgan during the third quarter valued at approximately $33,000. Finally, Rakuten Securities Inc. acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’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 value of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.12 on Friday, reaching $18.68. 9,415,524 shares of the stock were exchanged, compared to its average volume of 13,001,248. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92. The firm has a fifty day moving average price of $17.98 and a two-hundred day moving average price of $17.48. The stock has a market cap of $41.46 billion, a PE ratio of 16.98, a PEG ratio of 5.28 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, hitting 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 during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. 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%.

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.