Private Wealth Partners LLC Boosts Position in Kinder Morgan, Inc. (NYSE:KMI)

Private Wealth Partners LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 53.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,610 shares of the pipeline company’s stock after buying an additional 81,356 shares during the period. Private Wealth Partners LLC’s holdings in Kinder Morgan were worth $4,121,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC purchased a new position in Kinder Morgan in the 3rd quarter worth about $25,000. Hartford Financial Management Inc. purchased a new position in Kinder Morgan in the 3rd quarter worth about $26,000. Activest Wealth Management purchased a new position in Kinder Morgan in the 4th quarter worth about $30,000. Rakuten Securities Inc. purchased a new position in Kinder Morgan in the 4th quarter worth about $33,000. Finally, OFI Invest Asset Management purchased a new position in Kinder Morgan in the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMI. Truist Financial reissued a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded shares of 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 issued a buy rating to the stock. According to MarketBeat, Kinder Morgan has an average rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.12 during trading on Friday, hitting $18.68. 9,415,524 shares of the stock traded hands, compared to its average volume of 13,001,248. 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 company has a market cap of $41.46 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 5.28 and a beta of 0.90. The company has a fifty day moving average price of $17.98 and a two-hundred day moving average price of $17.48. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.92.

Kinder Morgan (NYSE:KMI) last posted its earnings results 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 net margin of 16.08% and a return on equity of 7.85%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. As a group, equities analysts predict 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. Investors of record on Tuesday, April 30th will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 6.16%. The ex-dividend date is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is presently 102.73%.

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.