ARS Wealth Advisors Group LLC Lowers Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

ARS Wealth Advisors Group LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 343,326 shares of the pipeline company’s stock after selling 35,342 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Kinder Morgan were worth $6,056,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Axxcess Wealth Management LLC boosted its holdings in Kinder Morgan by 9.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 125,163 shares of the pipeline company’s stock worth $2,208,000 after buying an additional 10,697 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Kinder Morgan by 7.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 482,052 shares of the pipeline company’s stock worth $8,503,000 after purchasing an additional 34,951 shares during the last quarter. M&T Bank Corp boosted its position in Kinder Morgan by 3.7% during the fourth quarter. M&T Bank Corp now owns 147,922 shares of the pipeline company’s stock worth $2,609,000 after purchasing an additional 5,331 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Kinder Morgan by 43.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 141,248 shares of the pipeline company’s stock valued at $2,492,000 after buying an additional 43,056 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Kinder Morgan by 408.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 51,666 shares of the pipeline company’s stock worth $911,000 after buying an additional 41,509 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 0.6 %

Shares of KMI stock traded up $0.11 during mid-day trading on Friday, hitting $18.57. 12,409,404 shares of the company’s stock were exchanged, compared to its average volume of 14,362,760. The stock has a market cap of $41.21 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 5.23 and a beta of 0.89. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.92. The stock has a 50-day simple moving average of $18.10 and a two-hundred day simple moving average of $17.52.

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

Kinder Morgan Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.19%. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Transactions 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 value of $4,328,600.00. Following the transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial restated a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded 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 issued a buy rating to the stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Hold” and an average target price 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.