Carson Advisory Inc. Lowers Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Carson Advisory Inc. reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,384 shares of the pipeline company’s stock after selling 3,036 shares during the period. Carson Advisory Inc.’s holdings in Kinder Morgan were worth $536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Tucker Asset Management LLC purchased a new position in Kinder Morgan during the third quarter valued at $25,000. Hartford Financial Management Inc. bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $26,000. Activest Wealth Management bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $30,000. OFI Invest Asset Management bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $33,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $33,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Up 1.3 %

KMI traded up $0.23 during mid-day trading on Thursday, hitting $18.46. 14,689,692 shares of the stock were exchanged, compared to its average volume of 14,272,270. The firm’s fifty day moving average is $18.05 and its two-hundred day moving average is $17.51. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92. The company has a market cap of $40.97 billion, a PE ratio of 16.75, a PEG ratio of 5.15 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.30 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.23%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the business’s 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 completion of the sale, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 12.64% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented 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 price objective (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.