abrdn plc Has $40.16 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

abrdn plc increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 71.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,276,785 shares of the pipeline company’s stock after acquiring an additional 945,381 shares during the period. abrdn plc’s holdings in Kinder Morgan were worth $40,162,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Kinder Morgan by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after purchasing an additional 87,516 shares during the period. Northern Trust Corp lifted its position in Kinder Morgan by 3.0% in the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after buying an additional 639,467 shares in the last quarter. Invesco Ltd. lifted its position in Kinder Morgan by 29.4% in the 3rd quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after buying an additional 4,870,444 shares in the last quarter. Morgan Stanley lifted its position in Kinder Morgan by 4.1% in the 3rd quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after buying an additional 796,829 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth approximately $99,908,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on KMI shares. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Down 0.1 %

Kinder Morgan stock opened at $18.82 on Tuesday. The company has a market capitalization of $41.77 billion, a P/E ratio of 17.11, a P/E/G ratio of 5.32 and a beta of 0.90. The firm’s fifty day simple moving average is $17.82 and its 200-day simple moving average is $17.42. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is 102.73%.

Kinder Morgan 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.