Kinder Morgan, Inc. (NYSE:KMI) Position Increased by Empowered Funds LLC

Empowered Funds LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 29.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,395 shares of the pipeline company’s stock after buying an additional 50,490 shares during the quarter. Empowered Funds LLC’s holdings in Kinder Morgan were worth $6,121,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KMI. Advisory Resource Group acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $207,000. Advisors Preferred LLC bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $2,672,000. Kingsview Wealth Management LLC boosted its position in shares of Kinder Morgan by 6.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 58,858 shares of the pipeline company’s stock worth $1,613,000 after buying an additional 3,567 shares during the period. Apollon Wealth Management LLC increased its position in Kinder Morgan by 0.5% in the 4th quarter. Apollon Wealth Management LLC now owns 86,430 shares of the pipeline company’s stock valued at $2,368,000 after acquiring an additional 438 shares during the period. Finally, TFG Advisers LLC raised its stake in Kinder Morgan by 3.9% during the 4th quarter. TFG Advisers LLC now owns 33,972 shares of the pipeline company’s stock valued at $931,000 after acquiring an additional 1,276 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank began coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Truist Financial increased their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Barclays increased their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Trading Up 0.1 %

Shares of KMI opened at $27.07 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The stock has a market capitalization of $60.14 billion, a P/E ratio of 23.14, a P/E/G ratio of 3.16 and a beta of 0.94. The business’s 50-day moving average price is $27.89 and its 200 day moving average price is $24.96.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Analysts expect that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio is 98.29%.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 54,000 shares of company stock valued at $1,493,100. Corporate insiders own 12.64% of the company’s stock.

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.