Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 30.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,262 shares of the pipeline company’s stock after acquiring an additional 4,300 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Kinder Morgan were worth $335,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. increased its stake in shares of Kinder Morgan by 741.4% during the 3rd quarter. Federated Hermes Inc. now owns 76,395 shares of the pipeline company’s stock valued at $1,267,000 after acquiring an additional 67,315 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Kinder Morgan by 2.7% during the 3rd quarter. Truist Financial Corp now owns 1,685,551 shares of the pipeline company’s stock worth $27,946,000 after buying an additional 43,934 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in Kinder Morgan by 113.9% in the third quarter. Axxcess Wealth Management LLC now owns 114,466 shares of the pipeline company’s stock valued at $1,898,000 after acquiring an additional 60,959 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Kinder Morgan by 19.2% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,627,354 shares of the pipeline company’s stock worth $26,982,000 after acquiring an additional 262,300 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in shares of Kinder Morgan by 0.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 539,647 shares of the pipeline company’s stock valued at $8,947,000 after purchasing an additional 1,387 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.8 %

Shares of KMI stock traded down $0.15 during mid-day trading on Tuesday, reaching $19.64. 4,464,305 shares of the company were exchanged, compared to its average volume of 13,653,758. The company has a market capitalization of $43.59 billion, a P/E ratio of 17.99, a P/E/G ratio of 3.14 and a beta of 0.93. The business’s 50 day simple moving average is $19.32 and its 200 day simple moving average is $18.23. 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, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $20.19.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $3.84 billion for 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 for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 5.86%. Kinder Morgan’s payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. UBS Group raised their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Insiders Place Their Bets

In related news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP Dax Sanders sold 50,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The disclosure for this sale can be found here. 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.