Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 20.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,421 shares of the pipeline company’s stock after selling 4,888 shares during the period. Valley Brook Capital Group Inc.’s holdings in Kinder Morgan were worth $343,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Tucker Asset Management LLC purchased a new position in Kinder Morgan in the third quarter worth approximately $25,000. Activest Wealth Management purchased a new position in Kinder Morgan in the fourth quarter worth approximately $30,000. OFI Invest Asset Management purchased a new position in Kinder Morgan in the third quarter worth approximately $33,000. Rakuten Securities Inc. purchased a new position in Kinder Morgan in the fourth quarter worth approximately $33,000. Finally, Gradient Investments LLC lifted its stake in Kinder Morgan by 57.1% in the fourth quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock worth $45,000 after acquiring an additional 920 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.6 %

Shares of NYSE:KMI traded up $0.11 during trading on Friday, hitting $18.57. 12,409,404 shares of the company were exchanged, compared to its average volume of 14,362,760. The stock has a market capitalization of $41.21 billion, a P/E ratio of 16.88, a PEG ratio of 5.23 and a beta of 0.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.92. The firm’s 50 day moving average price is $18.10 and its 200-day moving average price is $17.53.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business 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 company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. On average, research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm 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 $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.19%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s payout ratio is presently 104.55%.

Analyst Ratings Changes

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

Insider Activity

In other 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 transaction, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.64% of the company’s stock.

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.