AJOVista LLC Makes New $206,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

AJOVista LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,697 shares of the pipeline company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Axxcess Wealth Management LLC grew its holdings in Kinder Morgan by 9.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 125,163 shares of the pipeline company’s stock worth $2,208,000 after purchasing an additional 10,697 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Kinder Morgan by 7.8% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 482,052 shares of the pipeline company’s stock worth $8,503,000 after buying an additional 34,951 shares during the period. M&T Bank Corp lifted its stake in shares of Kinder Morgan by 3.7% during the fourth quarter. M&T Bank Corp now owns 147,922 shares of the pipeline company’s stock worth $2,609,000 after buying an additional 5,331 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Kinder Morgan by 43.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 141,248 shares of the pipeline company’s stock worth $2,492,000 after buying an additional 43,056 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Kinder Morgan by 408.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 51,666 shares of the pipeline company’s stock worth $911,000 after buying an additional 41,509 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

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 completion of the transaction, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.11 on Friday, reaching $18.57. 12,409,404 shares of the company’s stock traded hands, compared to its average volume of 14,362,760. The firm has a market cap of $41.21 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 5.23 and a beta of 0.89. The stock has a 50 day moving average price of $18.10 and a 200-day moving average price of $17.52. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week 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 (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

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 a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.19%. Kinder Morgan’s payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMI. StockNews.com downgraded 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 price objective (down from $22.00) on shares of Kinder Morgan in a research note 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. Based on data from MarketBeat, the company 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.