American Century Companies Inc. Acquires 49,395 Shares of Kinder Morgan, Inc. (NYSE:KMI)

American Century Companies Inc. boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 21.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 282,404 shares of the pipeline company’s stock after acquiring an additional 49,395 shares during the quarter. American Century Companies Inc.’s holdings in Kinder Morgan were worth $4,682,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hartford Financial Management Inc. bought a new stake in Kinder Morgan in the third quarter valued at about $26,000. VitalStone Financial LLC boosted its position in Kinder Morgan by 1,451.0% in the second quarter. VitalStone Financial LLC now owns 1,551 shares of the pipeline company’s stock valued at $27,000 after buying an additional 1,451 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in Kinder Morgan in the second quarter valued at about $29,000. OFI Invest Asset Management acquired a new position in Kinder Morgan in the third quarter valued at about $33,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in Kinder Morgan in the third quarter valued at about $36,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI stock opened at $18.17 on Thursday. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.31. The firm’s 50 day moving average is $17.33 and its 200-day moving average is $17.20. The firm has a market capitalization of $40.31 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 5.03 and a beta of 0.90. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88.

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 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 business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the company earned $0.31 earnings per share. The company’s quarterly revenue was down 11.8% on a year-over-year basis. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMI. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial restated a “hold” rating and issued a $20.00 price target (down 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.20.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 7,500 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the transaction, the vice president now directly owns 3,219 shares in the company, valued at $57,942. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.64% of the stock is currently owned by company insiders.

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.