GAMMA Investing LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

GAMMA Investing LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,061 shares of the pipeline company’s stock, valued at approximately $187,000.

A number of other institutional investors have also recently bought and sold shares of KMI. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Kinder Morgan during the third quarter worth $99,908,000. Invesco Ltd. boosted its position 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 purchasing an additional 4,870,444 shares in the last quarter. Bank of Nova Scotia boosted its position 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 purchasing an additional 4,270,461 shares in the last quarter. Qube Research & Technologies Ltd boosted its position 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 purchasing an additional 3,640,939 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its position 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 purchasing an additional 2,317,197 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.6 %

KMI opened at $18.68 on Friday. The stock has a market capitalization of $41.46 billion, a P/E ratio of 16.98, a P/E/G ratio of 5.31 and a beta of 0.90. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.92. The firm’s fifty day simple moving average is $17.98 and its 200 day simple moving average is $17.47. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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 analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm posted $0.30 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

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

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The shares were 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 in the company, 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 link. Company insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

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

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.