Madison Park Capital Advisors LLC Makes New $537,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Madison Park Capital Advisors LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,434 shares of the pipeline company’s stock, valued at approximately $537,000.

Several other large investors also recently modified their holdings of KMI. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the third quarter worth about $99,908,000. Invesco Ltd. grew its holdings in shares of Kinder Morgan by 29.4% during 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 in the last quarter. Bank of Nova Scotia grew its holdings in shares of Kinder Morgan by 2,463.8% during the third quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock worth $73,678,000 after buying an additional 4,270,461 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Kinder Morgan by 1,121.4% during the third quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company’s stock worth $65,750,000 after buying an additional 3,640,939 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP grew its holdings in shares of Kinder Morgan by 68.6% during 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 in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KMI shares. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reiterated a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.20.

Kinder Morgan Stock Down 0.3 %

NYSE KMI traded down $0.07 during trading hours on Tuesday, hitting $18.76. 12,913,431 shares of the company traded hands, compared to its average volume of 14,289,917. The business’s 50-day moving average is $17.87 and its 200-day moving average is $17.44. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50. The stock has a market capitalization of $41.62 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 5.32 and a beta of 0.90.

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

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.13%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

Kinder Morgan 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.