Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Simplicity Solutions LLC

Simplicity Solutions LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 25,667 shares of the pipeline company’s stock after buying an additional 1,621 shares during the period. Simplicity Solutions LLC’s holdings in Kinder Morgan were worth $453,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Graypoint LLC boosted its holdings in Kinder Morgan by 27.3% in the fourth quarter. Graypoint LLC now owns 17,165 shares of the pipeline company’s stock worth $303,000 after acquiring an additional 3,682 shares in the last quarter. ORG Partners LLC boosted its holdings in Kinder Morgan by 117.2% in the fourth quarter. ORG Partners LLC now owns 40,394 shares of the pipeline company’s stock worth $713,000 after acquiring an additional 21,796 shares in the last quarter. Benedict Financial Advisors Inc. raised its stake in shares of Kinder Morgan by 1.7% in the fourth quarter. Benedict Financial Advisors Inc. now owns 114,462 shares of the pipeline company’s stock worth $2,019,000 after purchasing an additional 1,871 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Kinder Morgan by 95.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 25,047 shares of the pipeline company’s stock worth $442,000 after purchasing an additional 12,259 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Kinder Morgan by 2.6% in the fourth quarter. Cerity Partners LLC now owns 683,200 shares of the pipeline company’s stock worth $12,051,000 after purchasing an additional 17,256 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KMI shares. Truist Financial restated a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Stock Up 2.6 %

Shares of KMI stock opened at $18.22 on Friday. The stock has a 50 day moving average of $17.74 and a 200 day moving average of $17.37. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $40.44 billion, a P/E ratio of 17.03, a P/E/G ratio of 4.95 and a beta of 0.90. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.72.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate 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 7.57% and a net margin of 15.59%. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Increases Dividend

The firm 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 boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.31%. Kinder Morgan’s payout ratio is 105.61%.

Kinder Morgan Company 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.