Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Hoxton Planning & Management LLC

Hoxton Planning & Management LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,432 shares of the pipeline company’s stock after buying an additional 1,651 shares during the period. Hoxton Planning & Management LLC’s holdings in Kinder Morgan were worth $219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gotham Asset Management LLC grew its holdings in shares of Kinder Morgan by 11.3% in the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after acquiring an additional 54,184 shares during the period. Rheos Capital Works Inc. acquired a new position in shares of Kinder Morgan during the 3rd quarter worth $4,642,000. Virginia Wealth Management Group Inc. boosted its position in shares of Kinder Morgan by 1.6% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after buying an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in Kinder Morgan by 69.2% in the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after acquiring an additional 1,617,250 shares during the last quarter. Finally, Teza Capital Management LLC increased its holdings in Kinder Morgan by 190.9% during the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock valued at $8,742,000 after acquiring an additional 346,000 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Trading Down 0.9 %

Shares of KMI stock opened at $17.98 on Tuesday. The firm has a market cap of $39.89 billion, a P/E ratio of 16.80, a PEG ratio of 5.08 and a beta of 0.90. The firm’s 50-day simple moving average is $17.66 and its 200-day simple moving average is $17.35. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio is presently 105.61%.

Analysts Set New Price Targets

A number of research firms recently commented on KMI. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reissued a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research 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 company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target 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.