Trust Investment Advisors Sells 905 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Trust Investment Advisors cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,623 shares of the pipeline company’s stock after selling 905 shares during the quarter. Trust Investment Advisors’ holdings in Kinder Morgan were worth $752,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of KMI. Tucker Asset Management LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $25,000. Hartford Financial Management Inc. acquired a new stake in Kinder Morgan in the third quarter valued at approximately $26,000. First Capital Advisors Group LLC. bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $29,000. Activest Wealth Management bought a new position in shares of Kinder Morgan in the 4th quarter worth $30,000. Finally, OFI Invest Asset Management bought a new stake in Kinder Morgan during the 3rd quarter valued at $33,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.45 during trading hours on Thursday, reaching $18.21. 25,574,715 shares of the company were exchanged, compared to its average volume of 14,123,591. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $40.41 billion, a P/E ratio of 17.09, a P/E/G ratio of 4.95 and a beta of 0.90. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.72. The business’s 50 day simple moving average is $17.71 and its 200-day simple moving average is $17.36.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.2875 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date is Monday, April 29th. Kinder Morgan’s payout ratio is currently 105.61%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial reaffirmed 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 shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and a consensus price target 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.