Founders Capital Management Increases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Founders Capital Management grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 25.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,604 shares of the pipeline company’s stock after buying an additional 521 shares during the period. Founders Capital Management’s holdings in Kinder Morgan were worth $71,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan during the 3rd quarter worth approximately $28,000. HWG Holdings LP acquired a new position in Kinder Morgan during the second quarter worth approximately $30,000. Planning Capital Management Corp lifted its stake in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the last quarter. Finally, HM Payson & Co. boosted its holdings in shares of Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,145 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 745,263 shares of company stock valued at $18,578,014. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock traded up $0.23 during midday trading on Monday, reaching $28.39. The company’s stock had a trading volume of 3,732,743 shares, compared to its average volume of 10,617,157. The firm has a market capitalization of $63.07 billion, a PE ratio of 24.90, a P/E/G ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.82. The stock’s 50 day simple moving average is $27.31 and its 200 day simple moving average is $23.79. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business earned $0.25 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday, October 18th. Barclays upped their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Truist Financial raised their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Scotiabank initiated coverage on Kinder Morgan in a research note on Friday. They set a “sector perform” rating and a $26.00 price objective for the company. Finally, UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

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.