Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 181,732 shares of the pipeline company’s stock after acquiring an additional 13,943 shares during the period. Atria Wealth Solutions Inc.’s holdings in Kinder Morgan were worth $3,206,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the third quarter valued at about $99,908,000. Invesco Ltd. increased its holdings in shares of Kinder Morgan by 29.4% during the 3rd quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after buying an additional 4,870,444 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Kinder Morgan by 2,463.8% during the 3rd quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock valued at $73,678,000 after buying an additional 4,270,461 shares during the period. Qube Research & Technologies Ltd lifted its holdings in Kinder Morgan by 1,121.4% in the third quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company’s stock valued at $65,750,000 after acquiring an additional 3,640,939 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its position in Kinder Morgan by 68.6% in the third quarter. Kayne Anderson Capital Advisors LP now owns 5,696,090 shares of the pipeline company’s stock worth $94,441,000 after acquiring an additional 2,317,197 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

KMI opened at $18.68 on Monday. The stock’s 50-day moving average price is $17.98 and its 200 day moving average price is $17.48. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.92. The firm has a market cap of $41.46 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 5.28 and a beta of 0.90. 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 (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (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 business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm 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 represents a $1.15 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is currently 102.73%.

Insiders Place Their Bets

In other news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on 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 sale, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 12.81% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the topic of several recent analyst reports. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six research 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 price target of $20.20.

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.