Duff & Phelps Investment Management Co. Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Duff & Phelps Investment Management Co. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,286,526 shares of the pipeline company’s stock after buying an additional 9,000 shares during the period. Duff & Phelps Investment Management Co. owned about 0.06% of Kinder Morgan worth $22,694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Gotham Asset Management LLC increased its holdings in Kinder Morgan by 11.3% during the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after purchasing an additional 54,184 shares during the period. Virginia Wealth Management Group Inc. grew its stake in Kinder Morgan by 1.6% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock valued at $3,337,000 after purchasing an additional 3,085 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in shares of Kinder Morgan by 69.2% in the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock worth $65,577,000 after acquiring an additional 1,617,250 shares during the period. Teza Capital Management LLC boosted its stake in shares of Kinder Morgan by 190.9% in the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after buying an additional 346,000 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its holdings in shares of Kinder Morgan by 285.7% during the 4th quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock valued at $19,051,000 after purchasing an additional 800,000 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated 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 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 SEC, which can be accessed through this link. 12.81% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.14 during mid-day trading on Tuesday, reaching $18.46. 4,209,497 shares of the company were exchanged, compared to its average volume of 14,074,244. 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 firm’s 50-day simple moving average is $18.01 and its two-hundred day simple moving average is $17.49. The firm has a market cap of $40.97 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 5.28 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $0.30 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 6.23%. 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 dividend payout ratio is currently 102.73%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Truist Financial reissued a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.20.

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.