Creekmur Asset Management LLC Buys Shares of 8,609 Kinder Morgan, Inc. (NYSE:KMI)

Creekmur Asset Management LLC purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,609 shares of the pipeline company’s stock, valued at approximately $152,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tucker Asset Management LLC bought a new position in shares of Kinder Morgan during the 3rd quarter valued at $25,000. True Wealth Design LLC lifted its holdings in shares of Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares during the period. Altshuler Shaham Ltd bought a new position in shares of Kinder Morgan during the 4th quarter valued at $26,000. Activest Wealth Management bought a new position in shares of Kinder Morgan during the 4th quarter valued at $30,000. Finally, Rakuten Securities Inc. bought a new position in Kinder Morgan in the 4th quarter worth $33,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Down 0.9 %

KMI traded down $0.17 on Friday, hitting $19.59. The company had a trading volume of 8,446,690 shares, compared to its average volume of 10,911,588. The company has a market cap of $43.48 billion, a PE ratio of 17.81, a PEG ratio of 3.12 and a beta of 0.92. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $20.07. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The business’s fifty day simple moving average is $18.99 and its 200 day simple moving average is $18.06.

Kinder Morgan (NYSE:KMI) last released its quarterly 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 analyst estimates of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. Equities research analysts expect 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 was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 5.87%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction that occurred 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 sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KMI. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. UBS Group raised their price target on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Finally, Truist Financial reissued a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

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.