Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,547 shares of the pipeline company’s stock after buying an additional 924 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Kinder Morgan were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Tucker Asset Management LLC acquired a new position in Kinder Morgan during the third quarter valued at $25,000. Activest Wealth Management purchased a new position in Kinder Morgan during the 4th quarter valued at about $30,000. OFI Invest Asset Management acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at about $33,000. Rakuten Securities Inc. purchased a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $33,000. Finally, Gradient Investments LLC grew its position in Kinder Morgan by 57.1% during the fourth quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock valued at $45,000 after purchasing an additional 920 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI stock opened at $18.58 on Friday. The firm has a 50 day moving average of $18.07 and a two-hundred day moving average of $17.51. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.92. The company has a market capitalization of $41.24 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 5.20 and a beta of 0.89. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS 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. Investors of record on Tuesday, April 30th will be issued a $0.2875 dividend. 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%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial reiterated a “hold” rating and issued 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 lowered Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.20.

Insiders Place Their Bets

In other 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 in the company, valued at $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.64% 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.