Miller Howard Investments Inc. NY Raises Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Miller Howard Investments Inc. NY raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 14.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,363,733 shares of the pipeline company’s stock after purchasing an additional 176,618 shares during the period. Miller Howard Investments Inc. NY owned 0.06% of Kinder Morgan worth $37,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter worth $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter valued at $28,000. Finally, Planning Capital Management Corp grew its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 54,000 shares of company stock valued at $1,493,100 in the last three months. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.07 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The firm’s 50 day simple moving average is $27.89 and its 200-day simple moving average is $24.91. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The stock has a market capitalization of $60.13 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMI. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Mizuho lifted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $29.14.

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.