Bridgewealth Advisory Group LLC Has $265,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Bridgewealth Advisory Group LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the pipeline company’s stock after selling 800 shares during the period. Bridgewealth Advisory Group LLC’s holdings in Kinder Morgan were worth $265,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SageView Advisory Group LLC boosted its stake in Kinder Morgan by 3.0% during the third quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after acquiring an additional 596 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in Kinder Morgan by 0.4% during the third quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock worth $2,463,000 after buying an additional 599 shares during the last quarter. Cubic Asset Management LLC increased its holdings in Kinder Morgan by 5.1% during the fourth quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after buying an additional 600 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its holdings in Kinder Morgan by 0.8% during the third quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock worth $1,333,000 after buying an additional 615 shares during the last quarter. Finally, Pacifica Partners Inc. increased its stake in shares of Kinder Morgan by 0.3% in the fourth quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock worth $3,217,000 after purchasing an additional 620 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.12 during midday trading on Monday, hitting $18.51. The stock had a trading volume of 1,477,189 shares, compared to its average volume of 14,082,598. The firm’s fifty day moving average is $17.98 and its two-hundred day moving average is $17.48. The company has a market capitalization of $41.08 billion, a PE ratio of 16.98, a P/E/G ratio of 5.28 and a beta of 0.90. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.92. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.21%. Kinder Morgan’s payout ratio is presently 102.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KMI shares. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. 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 note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Hold” and a consensus price target of $20.20.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 12.81% of the stock is owned by insiders.

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.