Motley Fool Asset Management LLC Has $1.08 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Motley Fool Asset Management LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,207 shares of the pipeline company’s stock after purchasing an additional 3,424 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Kinder Morgan were worth $1,080,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new position in shares of Kinder Morgan in the 3rd quarter valued at about $25,000. Hartford Financial Management Inc. acquired a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $26,000. Activest Wealth Management bought a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $30,000. OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $33,000. Finally, Rakuten Securities Inc. bought a new position in shares of Kinder Morgan in the fourth quarter valued at $33,000. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of a number of recent analyst reports. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reiterated a “hold” rating and set a $20.00 target price (down 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 data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $20.20.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.12 during mid-day trading on Friday, hitting $18.68. 9,412,314 shares of the stock were exchanged, compared to its average volume of 14,246,453. 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 $41.46 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 5.31 and a beta of 0.90. The firm’s 50-day simple moving average is $17.98 and its 200 day simple moving average is $17.47. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.92.

Kinder Morgan (NYSE:KMI) last released 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 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 the consensus estimate of $4.36 billion. During the same period in the prior year, the company posted $0.30 earnings per share. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.2875 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s payout ratio is 102.73%.

Insider Buying and Selling

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s 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 transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.64% of the stock is currently owned by company insiders.

About Kinder Morgan

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.