Royal Capital Wealth Management LLC Decreases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Royal Capital Wealth Management LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,785 shares of the pipeline company’s stock after selling 722 shares during the quarter. Royal Capital Wealth Management LLC’s holdings in Kinder Morgan were worth $323,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. USS Investment Management Ltd raised its position in shares of Kinder Morgan by 17.2% in the 4th quarter. USS Investment Management Ltd now owns 810,688 shares of the pipeline company’s stock valued at $22,225,000 after purchasing an additional 119,200 shares during the last quarter. Waverly Advisors LLC raised its position in Kinder Morgan by 43.6% during the 4th quarter. Waverly Advisors LLC now owns 120,321 shares of the pipeline company’s stock worth $3,297,000 after buying an additional 36,548 shares during the last quarter. Williams Jones Wealth Management LLC. raised its position in Kinder Morgan by 20.3% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 14,082 shares of the pipeline company’s stock worth $386,000 after buying an additional 2,372 shares during the last quarter. Woodline Partners LP purchased a new position in Kinder Morgan during the 4th quarter worth approximately $3,180,000. Finally, Zimmer Partners LP purchased a new position in Kinder Morgan during the 4th quarter worth approximately $62,499,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KMI shares. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $29.79.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 54,000 shares of company stock worth $1,492,740. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Down 0.1%

NYSE KMI opened at $27.97 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $18.83 and a 52 week high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The business’s fifty day simple moving average is $27.21 and its 200-day simple moving average is $27.35. The firm has a market cap of $62.15 billion, a PE ratio of 23.91, a P/E/G ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.2925 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.18%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan’s payout ratio is 100.86%.

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.