Bryn Mawr Capital Management LLC Invests $860,000 in Kinder Morgan, Inc. (NYSE:KMI)

Bryn Mawr Capital Management LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 48,739 shares of the pipeline company’s stock, valued at approximately $860,000.

A number of other institutional investors have also recently bought and sold shares of the stock. SageView Advisory Group LLC increased its stake in Kinder Morgan by 3.0% in the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after purchasing an additional 596 shares in the last quarter. Wesbanco Bank Inc. increased its stake in Kinder Morgan by 0.4% in the 3rd 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 in the last quarter. Cubic Asset Management LLC boosted its position in Kinder Morgan by 5.1% during the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after acquiring an additional 600 shares during the period. Argonautica Private Wealth Management Inc. boosted its position in Kinder Morgan by 0.8% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock worth $1,333,000 after acquiring an additional 615 shares during the period. Finally, Pacifica Partners Inc. boosted its position in Kinder Morgan by 0.3% during the 4th quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock worth $3,217,000 after acquiring an additional 620 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.6 %

Shares of Kinder Morgan stock opened at $18.68 on Friday. The firm has a market cap of $41.46 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 5.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.92. The stock has a 50-day simple moving average of $17.98 and a 200-day simple moving average of $17.47.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the business earned $0.30 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed 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 represents a $1.15 dividend on an annualized basis and a dividend yield of 6.16%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Kinder Morgan Company 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.