Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,543,881 shares of the pipeline company’s stock after buying an additional 104,892 shares during the period. King Luther Capital Management Corp’s holdings in Kinder Morgan were worth $44,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KMI. Independent Advisor Alliance grew its position in shares of Kinder Morgan by 13.8% during the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock valued at $1,148,000 after buying an additional 7,912 shares during the last quarter. Gotham Asset Management LLC grew its position in shares of Kinder Morgan by 11.3% during the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after buying an additional 54,184 shares during the last quarter. Virginia Wealth Management Group Inc. boosted 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 period. Teza Capital Management LLC boosted its stake in Kinder Morgan by 190.9% during the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock valued at $8,742,000 after purchasing an additional 346,000 shares during the period. Finally, Rheos Capital Works Inc. boosted its stake in 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 during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other news, Director Michael C. Morgan sold 230,000 shares of the firm’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 transaction, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.81% of the stock is owned by insiders.

Kinder Morgan Stock Down 1.7 %

Shares of KMI traded down $0.34 during mid-day trading on Wednesday, hitting $19.40. 4,999,553 shares of the company’s stock were exchanged, compared to its average volume of 13,805,786. The stock has a market cap of $43.06 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 5.53 and a beta of 0.89. The firm has a fifty day moving average of $18.50 and a two-hundred day moving average of $17.75. 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, Inc. has a twelve month low of $15.89 and a twelve month high of $19.93.

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

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.93%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Analyst Ratings Changes

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

Kinder Morgan 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.