Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Connectus Wealth LLC

Connectus Wealth LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 173,731 shares of the pipeline company’s stock after buying an additional 8,887 shares during the quarter. Connectus Wealth LLC’s holdings in Kinder Morgan were worth $3,065,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KMI. Independent Advisor Alliance boosted its stake in shares of Kinder Morgan by 13.8% in the fourth quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock valued at $1,148,000 after purchasing an additional 7,912 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Kinder Morgan by 11.3% in the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after purchasing an additional 54,184 shares during the period. Teza Capital Management LLC boosted its stake in shares of Kinder Morgan by 190.9% in the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock valued at $8,742,000 after purchasing an additional 346,000 shares during the period. Rheos Capital Works Inc. boosted its stake in shares of Kinder Morgan by 285.7% in the fourth quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock valued at $19,051,000 after purchasing an additional 800,000 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Kinder Morgan by 9.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,032,483 shares of the pipeline company’s stock valued at $18,265,000 after purchasing an additional 89,312 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on KMI. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Truist Financial reiterated a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Finally, StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Check Out Our Latest Analysis on KMI

Kinder Morgan Stock Performance

NYSE:KMI opened at $19.62 on Monday. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $19.93. 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 has a 50-day moving average of $18.86 and a 200-day moving average of $17.98. The firm has a market cap of $43.54 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 3.10 and a beta of 0.92.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 5.86%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Insiders Place Their Bets

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’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 completion of the transaction, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Dax Sanders sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The disclosure for this sale can be found here. Corporate insiders own 12.81% of the company’s stock.

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.

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

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