Threadgill Financial LLC Has $1.44 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Threadgill Financial LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,416 shares of the pipeline company’s stock after selling 894 shares during the period. Kinder Morgan makes up approximately 1.0% of Threadgill Financial LLC’s investment portfolio, making the stock its 26th largest position. Threadgill Financial LLC’s holdings in Kinder Morgan were worth $1,436,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its holdings in Kinder Morgan by 102,208.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after purchasing an additional 41,030,376 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Kinder Morgan by 1,352.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after purchasing an additional 34,269,435 shares during the period. Charles Schwab Investment Management Inc. raised its position in Kinder Morgan by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after purchasing an additional 87,516 shares during the last quarter. Morgan Stanley lifted its holdings in Kinder Morgan by 8.9% during the 4th quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock worth $408,128,000 after buying an additional 1,846,231 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Kinder Morgan by 3.0% in the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after buying an additional 639,467 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 1.4 %

Shares of NYSE:KMI opened at $18.17 on Thursday. The firm has a market capitalization of $40.31 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 5.04 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.31. The firm has a fifty day moving average of $17.33 and a 200 day moving average of $17.20.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s payout ratio is presently 105.61%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.20.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 7,500 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total transaction of $135,000.00. Following the sale, the vice president now owns 3,219 shares of the company’s stock, valued at $57,942. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.