Simplicity Solutions LLC Increases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Simplicity Solutions LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,667 shares of the pipeline company’s stock after acquiring an additional 1,621 shares during the quarter. Simplicity Solutions LLC’s holdings in Kinder Morgan were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Tucker Asset Management LLC purchased a new position in Kinder Morgan during the third quarter valued at $25,000. Hartford Financial Management Inc. purchased a new position in Kinder Morgan during the third quarter valued at $26,000. First Capital Advisors Group LLC. purchased a new position in Kinder Morgan during the second quarter valued at $29,000. Activest Wealth Management purchased a new position in Kinder Morgan during the fourth quarter valued at $30,000. Finally, OFI Invest Asset Management purchased a new position in Kinder Morgan during the third quarter valued at $33,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of several recent research reports. StockNews.com lowered 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 set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six equities 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Price Performance

NYSE KMI opened at $18.22 on Friday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.72. The stock has a 50-day moving average of $17.74 and a 200 day moving average of $17.37. The company has a market capitalization of $40.44 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 4.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the company earned $0.30 EPS. Kinder Morgan’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date is Monday, April 29th. Kinder Morgan’s payout ratio is currently 105.61%.

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.