AJOVista LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

AJOVista LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,697 shares of the pipeline company’s stock, valued at approximately $206,000.

Other large investors also recently bought and sold shares of the company. Gotham Asset Management LLC lifted its holdings in Kinder Morgan by 11.3% in the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after buying an additional 54,184 shares in the last quarter. Virginia Wealth Management Group Inc. increased its holdings in Kinder Morgan by 1.6% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after purchasing an additional 3,085 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Kinder Morgan by 69.2% during 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. Teza Capital Management LLC increased its stake in shares of Kinder Morgan by 190.9% in the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after buying an additional 346,000 shares during the last quarter. Finally, Rheos Capital Works Inc. raised its holdings in Kinder Morgan by 285.7% in the fourth quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock valued at $19,051,000 after acquiring an additional 800,000 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

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

Kinder Morgan Stock Performance

Shares of KMI traded up $0.11 during midday trading on Friday, hitting $18.57. 12,409,404 shares of the stock traded hands, compared to its average volume of 14,362,760. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92. The firm has a market capitalization of $41.21 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 5.23 and a beta of 0.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The business’s 50 day moving average price is $18.10 and its two-hundred day moving average price is $17.52.

Kinder Morgan (NYSE:KMI) last posted 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. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders 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 dividend yield of 6.19%. 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. Kinder Morgan’s dividend payout ratio is 104.55%.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.64% of the company’s stock.

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.