Gilbert & Cook Inc. Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Gilbert & Cook Inc. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,525 shares of the pipeline company’s stock after acquiring an additional 682 shares during the quarter. Gilbert & Cook Inc.’s holdings in Kinder Morgan were worth $556,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KMI. Charles Schwab Investment Management Inc. increased its stake in shares of Kinder Morgan by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after buying an additional 87,516 shares during the period. Northern Trust Corp increased its stake in shares of Kinder Morgan by 3.0% in the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after buying an additional 639,467 shares during the period. Invesco Ltd. increased its stake in shares of Kinder Morgan by 29.4% in the third 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 period. Morgan Stanley increased its stake in shares of Kinder Morgan by 4.1% in the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after buying an additional 796,829 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its stake in shares of 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 buying an additional 2,317,197 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on KMI. Truist Financial reaffirmed a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com downgraded shares of 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 given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $20.20.

Get Our Latest Stock Analysis on Kinder Morgan

Insider Activity

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated 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 owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 2.6 %

Shares of Kinder Morgan stock opened at $19.49 on Monday. 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’s fifty day simple moving average is $18.71 and its two-hundred day simple moving average is $17.89. The company has a market cap of $43.26 billion, a P/E ratio of 17.72, a PEG ratio of 3.06 and a beta of 0.89. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $19.93.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date of this dividend was Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is 104.55%.

Kinder Morgan Company 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.

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

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