Benjamin Edwards Inc. Lowers Stake in Kinder Morgan, Inc. (NYSE:KMI)

Benjamin Edwards Inc. lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,895 shares of the pipeline company’s stock after selling 637 shares during the period. Benjamin Edwards Inc.’s holdings in Kinder Morgan were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SageView Advisory Group LLC raised its holdings in shares of Kinder Morgan by 3.0% in the third quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after acquiring an additional 596 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Kinder Morgan by 0.4% during the third quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after purchasing an additional 599 shares in 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 valued at $217,000 after buying an additional 600 shares during the period. Argonautica Private Wealth Management Inc. raised its stake in Kinder Morgan by 0.8% in 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 in the last quarter. Finally, Pacifica Partners Inc. lifted its holdings in Kinder Morgan by 0.3% during the fourth quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock worth $3,217,000 after buying an additional 620 shares during the period. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KMI. Truist Financial reiterated a “hold” rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Insider Activity

In related 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 $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.6 %

NYSE:KMI traded up $0.11 during mid-day trading on Friday, hitting $18.57. 12,409,404 shares of the company’s stock traded hands, compared to its average volume of 14,362,760. The company has a fifty day moving average of $18.07 and a 200 day moving average of $17.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92. The company has a market capitalization of $41.21 billion, a P/E ratio of 16.89, a P/E/G ratio of 5.20 and a beta of 0.89.

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

Kinder Morgan Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 6.19%. The ex-dividend date is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is presently 104.55%.

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.