Kinder Morgan, Inc. (NYSE:KMI) Stake Boosted by TFG Advisers LLC

TFG Advisers LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,972 shares of the pipeline company’s stock after acquiring an additional 1,276 shares during the period. TFG Advisers LLC’s holdings in Kinder Morgan were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at about $92,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Kinder Morgan by 2.8% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 299,043 shares of the pipeline company’s stock valued at $8,194,000 after acquiring an additional 8,282 shares during the last quarter. RNC Capital Management LLC bought a new stake in Kinder Morgan in the fourth quarter worth approximately $2,079,000. Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth $5,418,000. Finally, Consolidated Portfolio Review Corp raised its holdings in shares of Kinder Morgan by 20.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 12,631 shares of the pipeline company’s stock valued at $346,000 after purchasing an additional 2,151 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $27.07 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The company has a 50-day moving average of $27.92 and a 200-day moving average of $24.88. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a market capitalization of $60.13 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.12 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 54,000 shares of company stock valued at $1,493,100 over the last ninety days. 12.81% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KMI shares. Barclays increased their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

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.