Columbus Macro LLC Has $13.10 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Columbus Macro LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 476,366 shares of the pipeline company’s stock after buying an additional 42,991 shares during the quarter. Kinder Morgan comprises about 1.4% of Columbus Macro LLC’s portfolio, making the stock its 13th biggest position. Columbus Macro LLC’s holdings in Kinder Morgan were worth $13,095,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $308,000. Schnieders Capital Management LLC. increased its position in shares of Kinder Morgan by 11.4% during the second quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after acquiring an additional 7,081 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Kinder Morgan by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 378,641 shares of the pipeline company’s stock worth $11,132,000 after acquiring an additional 3,155 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Kinder Morgan in the 2nd quarter valued at about $94,000. Finally, Groupama Asset Managment lifted its position in Kinder Morgan by 25.4% in the 2nd quarter. Groupama Asset Managment now owns 44,516 shares of the pipeline company’s stock valued at $1,290,000 after acquiring an additional 9,006 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

More Kinder Morgan News

Here are the key news stories impacting Kinder Morgan this week:

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the sale, the vice president directly owned 188,872 shares in the company, valued at $6,359,320.24. The trade was a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the transaction, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. This represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 48,048 shares of company stock valued at $1,469,863. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $34.05 on Monday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $34.73. The firm has a 50-day moving average of $31.97 and a 200 day moving average of $28.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The firm has a market cap of $75.74 billion, a P/E ratio of 24.85, a PEG ratio of 3.12 and a beta of 0.68.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were paid a $0.2925 dividend. The ex-dividend date was Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.4%. Kinder Morgan’s dividend payout ratio is presently 85.40%.

Wall Street Analyst Weigh In

KMI has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. Truist Financial started coverage on Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target for the company. Scotiabank increased their price target on Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Mizuho raised their price objective on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.21.

Check Out Our Latest Stock Report on Kinder Morgan

Kinder Morgan Profile

(Free Report)

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

Further Reading

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

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