Lathrop Investment Management Corp Has $11.23 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Lathrop Investment Management Corp reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 636,392 shares of the pipeline company’s stock after selling 7,888 shares during the period. Kinder Morgan accounts for about 2.3% of Lathrop Investment Management Corp’s portfolio, making the stock its 23rd largest holding. Lathrop Investment Management Corp’s holdings in Kinder Morgan were worth $11,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tucker Asset Management LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth about $25,000. Hartford Financial Management Inc. acquired a new position in shares of Kinder Morgan during the 3rd quarter worth about $26,000. Activest Wealth Management acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $30,000. OFI Invest Asset Management acquired a new position in shares of Kinder Morgan during the 3rd quarter worth about $33,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $33,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KMI shares. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 price target (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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.20.

Insider Transactions at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the company’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 completion of the sale, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.12 during trading on Friday, reaching $18.68. The company’s stock had a trading volume of 9,415,524 shares, compared to its average volume of 13,001,248. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $41.46 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 5.31 and a beta of 0.90. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.92. The firm has a 50 day moving average price of $17.98 and a 200 day moving average price of $17.47.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $0.30 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is 102.73%.

Kinder Morgan 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.