Kinder Morgan, Inc. (NYSE:KMI) Position Increased by Spinnaker Trust

Spinnaker Trust raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,736 shares of the pipeline company’s stock after purchasing an additional 2,589 shares during the period. Spinnaker Trust’s holdings in Kinder Morgan were worth $2,500,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SageView Advisory Group LLC boosted its stake in Kinder Morgan by 3.0% in the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after purchasing an additional 596 shares during the period. Wesbanco Bank Inc. raised its position in 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 during the last quarter. Chronos Wealth Management LLC lifted its stake in Kinder Morgan by 2.7% in the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock valued at $376,000 after acquiring an additional 600 shares in the last quarter. Cubic Asset Management LLC boosted its position in Kinder Morgan by 5.1% during the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after acquiring an additional 600 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its holdings in shares of Kinder Morgan by 0.8% in the third quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock valued at $1,333,000 after purchasing an additional 615 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded down $0.12 during trading on Friday, hitting $18.68. 9,412,314 shares of the stock were exchanged, compared to its average volume of 14,246,453. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92. The stock has a market capitalization of $41.46 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 5.31 and a beta of 0.90. The company has a fifty day moving average price of $17.98 and a 200-day moving average price of $17.47. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. As a group, equities analysts predict 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. Stockholders of record on Tuesday, April 30th will be given a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.16%. Kinder Morgan’s dividend payout ratio is presently 102.73%.

Insider Transactions at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $6,494,537.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 12.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.