Xponance Inc. Boosts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Xponance Inc. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,098 shares of the pipeline company’s stock after buying an additional 10,421 shares during the quarter. Xponance Inc.’s holdings in Kinder Morgan were worth $5,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tucker Asset Management LLC purchased a new position in Kinder Morgan in the 3rd quarter worth about $25,000. Hartford Financial Management Inc. purchased a new position in shares of Kinder Morgan during the third quarter valued at approximately $26,000. First Capital Advisors Group LLC. bought a new position in Kinder Morgan during the second quarter valued at approximately $29,000. Activest Wealth Management purchased a new stake in Kinder Morgan in the fourth quarter worth approximately $30,000. Finally, Rakuten Securities Inc. bought a new stake in Kinder Morgan in the 4th quarter worth approximately $33,000. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of a number of research reports. Truist Financial restated a “hold” rating and issued a $20.00 price target (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 report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.20.

Kinder Morgan Trading Up 3.5 %

NYSE:KMI opened at $18.84 on Friday. The firm has a market capitalization of $41.81 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 5.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. The business has a fifty day moving average price of $17.78 and a 200-day moving average price of $17.40. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.90.

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

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.2875 dividend. This is a positive change 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 6.10%. The ex-dividend date is Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 102.73%.

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.