Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Signaturefd LLC

Signaturefd LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,384 shares of the pipeline company’s stock after selling 896 shares during the period. Signaturefd LLC’s holdings in Kinder Morgan were worth $377,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at $99,908,000. Invesco Ltd. boosted its stake in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after buying an additional 4,870,444 shares in the last quarter. Bank of Nova Scotia boosted its stake in Kinder Morgan by 2,463.8% during the third quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock valued at $73,678,000 after buying an additional 4,270,461 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in Kinder Morgan by 1,121.4% during the third quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company’s stock valued at $65,750,000 after buying an additional 3,640,939 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its stake in Kinder Morgan by 68.6% during the third quarter. Kayne Anderson Capital Advisors LP now owns 5,696,090 shares of the pipeline company’s stock valued at $94,441,000 after buying an additional 2,317,197 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMI has been the subject of several research reports. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Trading Down 0.1 %

Shares of KMI opened at $18.80 on Friday. The business’s 50-day moving average price is $17.95 and its 200 day moving average price is $17.46. The stock has a market capitalization of $41.72 billion, a P/E ratio of 17.09, a P/E/G ratio of 5.31 and a beta of 0.90. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92. 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 (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS. Analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced 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 represents a $1.15 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is 102.73%.

Insider Buying and Selling at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 12.64% of the company’s stock.

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.