Calamos Advisors LLC Sells 7,191 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Calamos Advisors LLC reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 550,461 shares of the pipeline company’s stock after selling 7,191 shares during the quarter. Calamos Advisors LLC’s holdings in Kinder Morgan were worth $9,710,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Fairfield Bush & CO. acquired a new position in shares of Kinder Morgan during the first quarter worth about $93,000. American Century Companies Inc. boosted its position in shares of Kinder Morgan by 12.3% during the first quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock worth $1,739,000 after buying an additional 10,079 shares during the period. Acadian Asset Management LLC boosted its position in shares of Kinder Morgan by 48,564.7% during the first quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock worth $156,000 after buying an additional 8,256 shares during the period. Synovus Financial Corp boosted its position in shares of Kinder Morgan by 1.6% during the first quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock worth $1,705,000 after buying an additional 1,408 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Kinder Morgan during the first quarter worth about $263,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $18.84 on Friday. The firm has a market cap of $41.81 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 4.98 and a beta of 0.90. 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 $18.90. The business’s 50 day moving average is $17.78 and its 200-day moving average is $17.39.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the company earned $0.30 EPS. The company’s revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Kinder Morgan, Inc. will post 1.22 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is 102.73%.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. Truist Financial reissued a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six 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.com, Kinder Morgan has an average rating of “Hold” and a consensus target price of $20.20.

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.