Kinder Morgan, Inc. (NYSE:KMI) Position Trimmed by Royal Fund Management LLC

Royal Fund Management LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,371 shares of the pipeline company’s stock after selling 2,856 shares during the period. Royal Fund Management LLC’s holdings in Kinder Morgan were worth $1,347,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. SageView Advisory Group LLC boosted its holdings in Kinder Morgan by 3.0% during the third quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after buying an additional 596 shares in the last quarter. Wesbanco Bank Inc. lifted its position in shares of 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 acquiring an additional 599 shares in the last quarter. Cubic Asset Management LLC lifted its position in shares of Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after acquiring an additional 600 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its position in shares of Kinder Morgan by 0.8% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock valued at $1,333,000 after acquiring an additional 615 shares in the last quarter. Finally, Pacifica Partners Inc. lifted its position in shares of Kinder Morgan by 0.3% in the 4th quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock valued at $3,217,000 after acquiring an additional 620 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s 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 in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.6 %

KMI stock traded up $0.11 during midday trading on Friday, reaching $18.57. The company had a trading volume of 12,409,404 shares, compared to its average volume of 14,362,760. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $41.21 billion, a P/E ratio of 16.88, a PEG ratio of 5.20 and a beta of 0.89. The company has a 50 day moving average of $18.10 and a two-hundred day moving average of $17.52.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business posted $0.30 EPS. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 6.19%. Kinder Morgan’s dividend payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

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