World Investment Advisors Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

World Investment Advisors boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 95.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,977 shares of the pipeline company’s stock after purchasing an additional 35,586 shares during the period. World Investment Advisors’ holdings in Kinder Morgan were worth $2,000,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at about $29,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $25.27 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a fifty day moving average of $27.20 and a 200 day moving average of $26.58. The firm has a market cap of $56.14 billion, a PE ratio of 21.59, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock worth $3,506,116. 12.81% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on KMI. Morgan Stanley increased their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

About Kinder Morgan

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.