RiverFront Investment Group LLC Buys 10,561 Shares of Kinder Morgan, Inc. (NYSE:KMI)

RiverFront Investment Group LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,995 shares of the pipeline company’s stock after acquiring an additional 10,561 shares during the period. RiverFront Investment Group LLC’s holdings in Kinder Morgan were worth $6,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. SageView Advisory Group LLC boosted its holdings in shares of Kinder Morgan by 3.0% in the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after buying an additional 596 shares in the last quarter. Wesbanco Bank Inc. boosted its holdings in shares of Kinder Morgan by 0.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after buying an additional 599 shares in the last quarter. Cubic Asset Management LLC boosted its holdings in shares of Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after buying an additional 600 shares in the last quarter. Argonautica Private Wealth Management Inc. boosted its holdings in shares of Kinder Morgan by 0.8% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock valued at $1,333,000 after buying an additional 615 shares in the last quarter. Finally, Pacifica Partners Inc. boosted its holdings in shares of Kinder Morgan by 0.3% in the 4th quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock valued at $3,217,000 after buying an additional 620 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction 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 sale, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

KMI traded down $0.12 during trading on Friday, reaching $18.68. 9,415,524 shares of the company’s stock were exchanged, compared to its average volume of 13,001,248. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. The stock has a market capitalization of $41.46 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 5.28 and a beta of 0.90. The company’s fifty day simple moving average is $17.98 and its 200-day simple moving average is $17.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share 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 quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share 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. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 6.16%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. Kinder Morgan’s payout ratio is 102.73%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.