West Paces Advisors Inc. Raises Stake in Kinder Morgan, Inc. (NYSE:KMI)

West Paces Advisors Inc. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,062 shares of the pipeline company’s stock after purchasing an additional 1,064 shares during the quarter. West Paces Advisors Inc.’s holdings in Kinder Morgan were worth $195,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Desjardins Global Asset Management Inc. grew its holdings in Kinder Morgan by 6.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 164,274 shares of the pipeline company’s stock valued at $2,897,000 after purchasing an additional 9,433 shares during the period. SVB Wealth LLC grew its holdings in Kinder Morgan by 15.9% in the fourth quarter. SVB Wealth LLC now owns 120,240 shares of the pipeline company’s stock valued at $2,121,000 after purchasing an additional 16,459 shares during the period. Flputnam Investment Management Co. grew its holdings in Kinder Morgan by 6.8% in the fourth quarter. Flputnam Investment Management Co. now owns 16,789 shares of the pipeline company’s stock valued at $296,000 after purchasing an additional 1,076 shares during the period. Mackenzie Financial Corp grew its holdings in Kinder Morgan by 9.7% in the fourth quarter. Mackenzie Financial Corp now owns 740,856 shares of the pipeline company’s stock valued at $13,069,000 after purchasing an additional 65,452 shares during the period. Finally, Bison Wealth LLC increased its position in shares of Kinder Morgan by 5.5% in the fourth quarter. Bison Wealth LLC now owns 26,183 shares of the pipeline company’s stock worth $462,000 after acquiring an additional 1,371 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 1.6 %

Shares of KMI stock traded down $0.28 on Tuesday, hitting $17.69. The stock had a trading volume of 16,123,303 shares, compared to its average volume of 13,980,014. The firm has a market capitalization of $39.26 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 5.08 and a beta of 0.90. The stock’s 50 day moving average is $17.66 and its 200-day moving average is $17.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.72.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the company earned $0.31 earnings per share. The company’s revenue was down 11.8% compared to the same quarter last year. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.2825 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.39%. Kinder Morgan’s dividend payout ratio (DPR) is 105.61%.

Analyst Ratings Changes

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

About Kinder Morgan

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.