Royal Fund Management LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,371 shares of the pipeline company’s stock after selling 2,856 shares during the period. Royal Fund Management LLC’s holdings in Kinder Morgan were worth $1,347,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. SageView Advisory Group LLC boosted its stake in Kinder Morgan by 3.0% during the third quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after buying an additional 596 shares during the period. Wesbanco Bank Inc. lifted its stake in Kinder Morgan by 0.4% during the third quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock worth $2,463,000 after purchasing an additional 599 shares during the last quarter. Cubic Asset Management LLC lifted its stake in Kinder Morgan by 5.1% during the fourth quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after purchasing an additional 600 shares during the last quarter. Argonautica Private Wealth Management Inc. lifted its stake in Kinder Morgan by 0.8% during the third quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock worth $1,333,000 after purchasing an additional 615 shares during the last quarter. Finally, Pacifica Partners Inc. lifted its stake in Kinder Morgan by 0.3% during the fourth quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock worth $3,217,000 after purchasing an additional 620 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.
Kinder Morgan Trading Up 0.6 %
KMI stock traded up $0.11 on Friday, reaching $18.57. The company’s stock had a trading volume of 12,409,404 shares, compared to its average volume of 14,362,760. The firm has a market cap of $41.21 billion, a PE ratio of 16.88, a PEG ratio of 5.20 and a beta of 0.89. The business has a fifty day simple moving average of $18.10 and a two-hundred day simple moving average of $17.52. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.
Kinder Morgan Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.2875 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.19%. Kinder Morgan’s dividend payout ratio is 104.55%.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Hold” and a consensus price target of $20.20.
Read Our Latest Report on Kinder Morgan
Insider Buying and Selling at Kinder Morgan
In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 12.64% of the company’s stock.
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.
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