Farmers & Merchants Investments Inc. Has $246,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Farmers & Merchants Investments Inc. increased its stake in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 15.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,962 shares of the pipeline company’s stock after purchasing an additional 1,820 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Kinder Morgan were worth $246,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gotham Asset Management LLC lifted its position 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 buying an additional 54,184 shares in the last quarter. Rheos Capital Works Inc. bought a new stake in Kinder Morgan during the 3rd quarter worth about $4,642,000. Cohen & Steers Inc. lifted its position in Kinder Morgan by 1,217.2% during the 2nd quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock worth $173,820,000 after buying an additional 9,327,755 shares in the last quarter. Virginia Wealth Management Group Inc. lifted its position 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 worth $3,337,000 after buying an additional 3,085 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Kinder Morgan by 69.2% in the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after purchasing an additional 1,617,250 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com cut shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.20.

Get Our Latest Analysis on Kinder Morgan

Kinder Morgan Stock Up 0.8 %

Kinder Morgan stock opened at $18.56 on Thursday. The stock has a market cap of $41.19 billion, a P/E ratio of 17.35, a P/E/G ratio of 5.19 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.57. The company’s 50-day moving average price is $17.44 and its two-hundred day moving average price is $17.25.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The firm’s revenue was down 11.8% compared to the same quarter last year. As a group, analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.2825 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.09%. Kinder Morgan’s payout ratio is presently 105.61%.

Kinder Morgan Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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