Kinder Morgan, Inc. (NYSE:KMI) Stake Cut by Threadgill Financial LLC

Threadgill Financial LLC lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,416 shares of the pipeline company’s stock after selling 894 shares during the quarter. Kinder Morgan comprises approximately 1.0% of Threadgill Financial LLC’s investment portfolio, making the stock its 26th biggest holding. Threadgill Financial LLC’s holdings in Kinder Morgan were worth $1,436,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KMI. Tucker Asset Management LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at approximately $25,000. Hartford Financial Management Inc. bought a new stake in Kinder Morgan in the third quarter worth about $26,000. VitalStone Financial LLC boosted its position in shares of Kinder Morgan by 1,451.0% during the 2nd quarter. VitalStone Financial LLC now owns 1,551 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 1,451 shares in the last quarter. First Capital Advisors Group LLC. acquired a new position in Kinder Morgan in the second quarter worth approximately $29,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $33,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $18.17 on Thursday. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.31. The company has a market cap of $40.31 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 5.04 and a beta of 0.90. The business has a 50 day moving average price of $17.33 and a 200 day moving average price of $17.20. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. Research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.2825 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.22%. Kinder Morgan’s dividend payout ratio is currently 105.61%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 7,500 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the transaction, the vice president now owns 3,219 shares of the company’s stock, valued at $57,942. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of several recent analyst reports. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reissued 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Hold” and a consensus target price of $20.20.

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.