Maryland State Retirement & Pension System Purchases 17,558 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Maryland State Retirement & Pension System increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,775,856 shares of the pipeline company’s stock after acquiring an additional 17,558 shares during the period. Kinder Morgan makes up about 0.6% of Maryland State Retirement & Pension System’s holdings, making the stock its 29th biggest position. Maryland State Retirement & Pension System owned 0.08% of Kinder Morgan worth $31,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tucker Asset Management LLC purchased a new stake in shares of Kinder Morgan in the third quarter worth $25,000. Activest Wealth Management purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $30,000. OFI Invest Asset Management bought a new stake in Kinder Morgan during the third quarter valued at approximately $33,000. Rakuten Securities Inc. purchased a new position in Kinder Morgan in the 4th quarter worth approximately $33,000. Finally, Gradient Investments LLC increased its holdings in shares of Kinder Morgan by 57.1% in the 4th quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock worth $45,000 after buying an additional 920 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial reiterated a “hold” rating and issued 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 lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Trading Up 0.9 %

KMI traded up $0.16 during trading hours on Tuesday, reaching $18.77. 7,359,922 shares of the company’s stock traded hands, compared to its average volume of 14,144,460. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.92. The firm has a 50-day moving average price of $18.13 and a 200 day moving average price of $17.54. The firm has a market capitalization of $41.66 billion, a PE ratio of 16.92, 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 (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share 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 firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the firm earned $0.30 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company 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 is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.13%. Kinder Morgan’s payout ratio is presently 104.55%.

Insider Buying and Selling 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 transaction of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.81% of the stock is owned by corporate insiders.

About Kinder Morgan

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.