Thoroughbred Financial Services LLC Has $529,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Thoroughbred Financial Services LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,018 shares of the pipeline company’s stock after acquiring an additional 610 shares during the period. Thoroughbred Financial Services LLC’s holdings in Kinder Morgan were worth $529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Independent Advisor Alliance boosted its stake in Kinder Morgan by 13.8% in the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock valued at $1,148,000 after purchasing an additional 7,912 shares during the period. Gotham Asset Management LLC grew its stake in shares of Kinder Morgan by 11.3% in the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after acquiring an additional 54,184 shares in the last quarter. Virginia Wealth Management Group Inc. grew its stake in shares of Kinder Morgan by 1.6% in the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock valued at $3,337,000 after acquiring an additional 3,085 shares in the last quarter. Teza Capital Management LLC raised its stake in Kinder Morgan by 190.9% in the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after purchasing an additional 346,000 shares in the last quarter. Finally, Rheos Capital Works Inc. boosted its holdings in Kinder Morgan by 285.7% in the 4th quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock valued at $19,051,000 after purchasing an additional 800,000 shares during the period. 62.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on KMI. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a 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 report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Down 0.5 %

Shares of KMI opened at $19.74 on Wednesday. The firm has a 50 day simple moving average of $18.50 and a two-hundred day simple moving average of $17.75. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $19.93. The company has a market cap of $43.81 billion, a P/E ratio of 17.95, a P/E/G ratio of 5.53 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 5.83%. Kinder Morgan’s payout ratio is 104.55%.

Insider Buying and Selling

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 12.81% of the stock is owned by corporate insiders.

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.