Kinder Morgan, Inc. (NYSE:KMI) Holdings Decreased by Ellerson Group Inc. ADV

Ellerson Group Inc. ADV lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,070 shares of the pipeline company’s stock after selling 1,115 shares during the period. Kinder Morgan accounts for 1.4% of Ellerson Group Inc. ADV’s portfolio, making the stock its 27th biggest holding. Ellerson Group Inc. ADV’s holdings in Kinder Morgan were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of KMI. Charles Schwab Investment Management Inc. boosted its stake in Kinder Morgan by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock valued at $472,464,000 after buying an additional 87,516 shares in the last quarter. Northern Trust Corp boosted its position in shares of Kinder Morgan by 3.0% during the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after purchasing an additional 639,467 shares in the last quarter. Invesco Ltd. grew its stake in shares of Kinder Morgan by 29.4% in the 3rd quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after purchasing an additional 4,870,444 shares during the last quarter. Morgan Stanley raised its holdings in shares of Kinder Morgan by 4.1% in the 3rd quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after purchasing an additional 796,829 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Kinder Morgan during the third quarter valued at approximately $99,908,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction 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 owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KMI. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Hold” and an average target price of $20.20.

Kinder Morgan Trading Up 0.6 %

Kinder Morgan stock traded up $0.11 during midday trading on Friday, reaching $18.57. The stock had a trading volume of 12,409,404 shares, compared to its average volume of 14,362,760. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month 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 0.38. The firm has a market cap of $41.21 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 5.20 and a beta of 0.89. The firm’s fifty day simple moving average is $18.10 and its two-hundred day simple moving average is $17.52.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’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 company posted $0.30 earnings per share. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. 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. This represents a $1.15 dividend on an annualized basis and a yield of 6.19%. Kinder Morgan’s payout ratio is presently 104.55%.

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.