Ellerson Group Inc. ADV Has $1.57 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Ellerson Group Inc. ADV decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,070 shares of the pipeline company’s stock after selling 1,115 shares during the quarter. Kinder Morgan comprises about 1.4% of Ellerson Group Inc. ADV’s portfolio, making the stock its 27th biggest holding. Ellerson Group Inc. ADV’s holdings in Kinder Morgan were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its holdings in Kinder Morgan by 6.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,359,069 shares of the pipeline company’s stock worth $22,533,000 after purchasing an additional 78,914 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Kinder Morgan by 27.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 54,591 shares of the pipeline company’s stock worth $905,000 after acquiring an additional 11,735 shares during the last quarter. Segment Wealth Management LLC raised its stake in Kinder Morgan by 9.4% in the 3rd quarter. Segment Wealth Management LLC now owns 14,165 shares of the pipeline company’s stock valued at $235,000 after acquiring an additional 1,213 shares during the period. Kowal Investment Group LLC lifted its holdings in Kinder Morgan by 6.6% during the 3rd quarter. Kowal Investment Group LLC now owns 14,725 shares of the pipeline company’s stock valued at $244,000 after purchasing an additional 908 shares during the last quarter. Finally, Sage Mountain Advisors LLC bought a new position in Kinder Morgan during the third quarter worth $174,000. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of several research analyst reports. Truist Financial reissued a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded up $0.11 during trading on Friday, reaching $18.57. The company’s stock had a trading volume of 12,409,404 shares, compared to its average volume of 14,362,760. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.92. The firm has a market cap of $41.21 billion, a PE ratio of 16.88, a P/E/G ratio of 5.20 and a beta of 0.89. The business’s 50-day moving average price is $18.10 and its 200-day moving average price is $17.52. 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 (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) 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 firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share 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 issued a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 6.19%. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Activity

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.64% of the company’s stock.

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.