Altshuler Shaham Ltd Acquires Shares of 1,454 Kinder Morgan, Inc. (NYSE:KMI)

Altshuler Shaham Ltd acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,454 shares of the pipeline company’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently bought and sold shares of KMI. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the 3rd quarter worth $99,908,000. Invesco Ltd. lifted its holdings in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after acquiring an additional 4,870,444 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Kinder Morgan by 2,463.8% during the third quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock worth $73,678,000 after acquiring an additional 4,270,461 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in Kinder Morgan by 1,121.4% during the third quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company’s stock worth $65,750,000 after acquiring an additional 3,640,939 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP lifted its holdings in Kinder Morgan by 68.6% during the third quarter. Kayne Anderson Capital Advisors LP now owns 5,696,090 shares of the pipeline company’s stock worth $94,441,000 after acquiring an additional 2,317,197 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 0.2 %

Shares of KMI traded up $0.04 during midday trading on Wednesday, hitting $18.81. The stock had a trading volume of 11,517,825 shares, compared to its average volume of 14,167,697. The company has a 50 day simple moving average of $18.16 and a two-hundred day simple moving average of $17.55. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92. The firm has a market cap of $41.75 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth 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 (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the business posted $0.30 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.11%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 104.55%.

Wall Street Analysts Forecast Growth

KMI has been the topic of several recent analyst reports. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reiterated a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated Monday, April 22nd. The stock was 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 $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.81% of the stock is owned by company insiders.

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.