Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 16,789 shares of the pipeline company’s stock after purchasing an additional 1,076 shares during the period. Flputnam Investment Management Co.’s holdings in Kinder Morgan were worth $296,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp raised its position in Kinder Morgan by 9.7% in the fourth quarter. Mackenzie Financial Corp now owns 740,856 shares of the pipeline company’s stock valued at $13,069,000 after purchasing an additional 65,452 shares during the period. Bison Wealth LLC grew its stake in shares of Kinder Morgan by 5.5% in the fourth quarter. Bison Wealth LLC now owns 26,183 shares of the pipeline company’s stock valued at $462,000 after buying an additional 1,371 shares in the last quarter. Hoxton Planning & Management LLC raised its holdings in shares of Kinder Morgan by 15.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 12,432 shares of the pipeline company’s stock valued at $219,000 after buying an additional 1,651 shares during the period. Cullen Investment Group LTD. acquired a new position in Kinder Morgan during the 4th quarter worth about $904,000. Finally, MBM Wealth Consultants LLC purchased a new position in Kinder Morgan during the 4th quarter valued at about $232,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Kinder Morgan Price Performance

KMI stock opened at $18.22 on Friday. The business’s 50-day moving average is $17.74 and its two-hundred day moving average is $17.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. The firm has a market capitalization of $40.44 billion, a P/E ratio of 16.56, a P/E/G ratio of 4.97 and a beta of 0.90. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.72.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the company earned $0.30 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.31%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s payout ratio is 102.73%.

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.