Kinder Morgan, Inc. (NYSE:KMI) Position Cut by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 20.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,421 shares of the pipeline company’s stock after selling 4,888 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Kinder Morgan were worth $343,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in Kinder Morgan in the third quarter valued at $25,000. Activest Wealth Management bought a new stake in Kinder Morgan in the fourth quarter valued at $30,000. OFI Invest Asset Management bought a new stake in Kinder Morgan in the third quarter valued at $33,000. Rakuten Securities Inc. bought a new stake in Kinder Morgan in the fourth quarter valued at $33,000. Finally, Gradient Investments LLC lifted its stake in Kinder Morgan by 57.1% in the fourth quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock valued at $45,000 after buying an additional 920 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.11 during mid-day trading on Friday, hitting $18.57. 12,409,404 shares of the stock traded hands, compared to its average volume of 14,362,760. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The company’s 50-day simple moving average is $18.10 and its 200-day simple moving average is $17.53. The firm has a market cap of $41.21 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 5.23 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last released 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 return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the company earned $0.30 earnings per share. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. The ex-dividend date is Monday, April 29th. This is a positive change 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 dividend payout ratio is currently 104.55%.

Insider Buying and Selling

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.64% of the stock is currently owned by insiders.

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.