RIA Advisory Group LLC Acquires New Stake in Kinder Morgan, Inc. (NYSE:KMI)

RIA Advisory Group LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,397 shares of the pipeline company’s stock, valued at approximately $166,000.

A number of other hedge funds also recently bought and sold shares of KMI. Moneta Group Investment Advisors LLC lifted its stake in shares of Kinder Morgan by 102,208.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after buying an additional 41,030,376 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Kinder Morgan by 1,352.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after acquiring an additional 34,269,435 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kinder Morgan by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock valued at $472,464,000 after acquiring an additional 87,516 shares in the last quarter. Morgan Stanley boosted its stake in Kinder Morgan by 8.9% during the 4th quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock valued at $408,128,000 after purchasing an additional 1,846,231 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Kinder Morgan by 3.0% in the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after purchasing an additional 639,467 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.63 during mid-day trading on Friday, reaching $18.84. 25,442,078 shares of the stock traded hands, compared to its average volume of 14,279,686. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.90. The business’s 50-day moving average is $17.74 and its 200-day moving average is $17.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. The stock has a market capitalization of $41.81 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released 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 firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 6.10%. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. 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 note on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.20.

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.