Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by O ROURKE & COMPANY Inc

O ROURKE & COMPANY Inc boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,078 shares of the pipeline company’s stock after buying an additional 2,179 shares during the period. O ROURKE & COMPANY Inc’s holdings in Kinder Morgan were worth $772,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in Kinder Morgan by 890.7% in the third quarter. Acadian Asset Management LLC now owns 47,295 shares of the pipeline company’s stock valued at $784,000 after acquiring an additional 42,521 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Kinder Morgan by 741.4% during the 3rd quarter. Federated Hermes Inc. now owns 76,395 shares of the pipeline company’s stock worth $1,267,000 after purchasing an additional 67,315 shares during the period. Natixis Advisors L.P. increased its position in shares of Kinder Morgan by 4.9% during the 3rd quarter. Natixis Advisors L.P. now owns 327,552 shares of the pipeline company’s stock worth $5,431,000 after purchasing an additional 15,202 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Kinder Morgan by 25.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 103,110 shares of the pipeline company’s stock valued at $1,710,000 after buying an additional 20,747 shares during the period. Finally, Synovus Financial Corp lifted its position in Kinder Morgan by 7.2% in the third quarter. Synovus Financial Corp now owns 102,662 shares of the pipeline company’s stock valued at $1,702,000 after buying an additional 6,899 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Truist Financial restated a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Finally, UBS Group increased their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.00.

Kinder Morgan Stock Down 0.4 %

NYSE:KMI traded down $0.08 during midday trading on Monday, reaching $19.79. The company had a trading volume of 10,575,742 shares, compared to its average volume of 13,726,891. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $20.19. The firm has a market capitalization of $43.92 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 3.14 and a beta of 0.93. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The stock’s fifty day simple moving average is $19.32 and its 200-day simple moving average is $18.23.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting 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 last year, the business posted $0.30 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.2875 dividend. The ex-dividend date was 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 dividend yield of 5.81%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Insider Activity

In other news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on 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 directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. Company insiders own 12.81% 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.