Boston Family Office LLC Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

Boston Family Office LLC grew its position in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,496 shares of the pipeline company’s stock after buying an additional 4,210 shares during the quarter. Boston Family Office LLC’s holdings in Kinder Morgan were worth $485,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Independent Advisor Alliance boosted its position in 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 acquiring an additional 7,912 shares in the last quarter. Gotham Asset Management LLC grew its stake in Kinder Morgan by 11.3% in the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after purchasing an additional 54,184 shares during the last quarter. Teza Capital Management LLC raised its holdings in Kinder Morgan by 190.9% in the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after purchasing an additional 346,000 shares in the last quarter. Rheos Capital Works Inc. lifted its position in shares of Kinder Morgan by 285.7% during the fourth quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock valued at $19,051,000 after buying an additional 800,000 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Kinder Morgan by 9.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,032,483 shares of the pipeline company’s stock valued at $18,265,000 after buying an additional 89,312 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.16 during mid-day trading on Wednesday, reaching $18.91. The company’s stock had a trading volume of 9,001,262 shares, compared to its average volume of 13,707,224. The stock has a market capitalization of $41.97 billion, a P/E ratio of 17.16, a P/E/G ratio of 2.99 and a beta of 0.89. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $19.93. The stock has a 50-day moving average of $18.65 and a two-hundred day moving average of $17.84. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 6.08%. Kinder Morgan’s dividend payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on KMI

Insiders Place Their Bets

In other news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated 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 directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. 12.81% of the stock is owned by company insiders.

Kinder Morgan Company 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.

Further Reading

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

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