Foster & Motley Inc. Sells 5,679 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Foster & Motley Inc. lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,559 shares of the pipeline company’s stock after selling 5,679 shares during the quarter. Foster & Motley Inc.’s holdings in Kinder Morgan were worth $1,739,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Gotham Asset Management LLC boosted its holdings in shares of Kinder Morgan by 11.3% in the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after buying an additional 54,184 shares during the last quarter. Rheos Capital Works Inc. acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $4,642,000. Virginia Wealth Management Group Inc. boosted its holdings in shares of Kinder Morgan by 1.6% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock valued at $3,337,000 after buying an additional 3,085 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of Kinder Morgan by 69.2% in the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after buying an additional 1,617,250 shares during the last quarter. Finally, Teza Capital Management LLC boosted its holdings in shares of Kinder Morgan by 190.9% in the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock valued at $8,742,000 after buying an additional 346,000 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.2 %

Shares of NYSE KMI opened at $18.79 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.92. The stock has a market capitalization of $41.70 billion, a P/E ratio of 17.11, a PEG ratio of 5.32 and a beta of 0.90. The stock’s fifty day moving average is $17.82 and its 200 day moving average is $17.42.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results 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 company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the business earned $0.30 earnings per share. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal 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 given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 102.73%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reiterated a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Hold” and a consensus price target of $20.20.

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.