Blue Trust Inc. Boosts Position in Kinder Morgan, Inc. (NYSE:KMI)

Blue Trust Inc. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 52.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,669 shares of the pipeline company’s stock after buying an additional 1,949 shares during the quarter. Blue Trust Inc.’s holdings in Kinder Morgan were worth $94,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Tucker Asset Management LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at $25,000. Hartford Financial Management Inc. acquired a new stake in shares of Kinder Morgan in the third quarter valued at about $26,000. VitalStone Financial LLC raised its holdings in shares of Kinder Morgan by 1,451.0% during the 2nd quarter. VitalStone Financial LLC now owns 1,551 shares of the pipeline company’s stock valued at $27,000 after buying an additional 1,451 shares during the period. First Capital Advisors Group LLC. purchased a new position in Kinder Morgan in the 2nd quarter worth approximately $29,000. Finally, OFI Invest Asset Management acquired a new stake in Kinder Morgan in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.8 %

KMI stock opened at $18.56 on Thursday. The company has a market capitalization of $41.19 billion, a P/E ratio of 17.25, a PEG ratio of 5.18 and a beta of 0.90. The firm has a 50 day simple moving average of $17.44 and a 200-day simple moving average of $17.25. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.57.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. Kinder Morgan’s revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 earnings per share. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company 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. This represents a $1.13 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s payout ratio is currently 105.61%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent research reports. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reissued a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six 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 stock currently has an average rating of “Hold” and an average price target of $20.20.

Read Our Latest Stock Analysis on KMI

Kinder Morgan Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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