Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,120 shares of the pipeline company’s stock after selling 1,200 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Kinder Morgan were worth $1,078,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMI. Fairfield Bush & CO. acquired a new position in shares of Kinder Morgan during the first quarter worth about $93,000. American Century Companies Inc. lifted its stake in shares of Kinder Morgan by 12.3% during the first quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock worth $1,739,000 after purchasing an additional 10,079 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Kinder Morgan by 48,564.7% during the first quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock worth $156,000 after purchasing an additional 8,256 shares in the last quarter. Synovus Financial Corp lifted its stake in shares of Kinder Morgan by 1.6% during the first quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock worth $1,705,000 after purchasing an additional 1,408 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Kinder Morgan during the first quarter worth about $263,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kinder Morgan Stock Up 3.5 %

Shares of Kinder Morgan stock opened at $18.84 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The firm has a market cap of $41.81 billion, a P/E ratio of 17.13, a P/E/G ratio of 4.98 and a beta of 0.90. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.90. The business has a 50-day moving average price of $17.78 and a 200 day moving average price of $17.39.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.22 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend 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 dividend yield of 6.10%. 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.