Rakuten Securities Inc. Purchases Shares of 1,856 Kinder Morgan, Inc. (NYSE:KMI)

Rakuten Securities Inc. purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,856 shares of the pipeline company’s stock, valued at approximately $33,000.

A number of other hedge funds also recently made changes to their positions in KMI. Fairfield Bush & CO. acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $93,000. American Century Companies Inc. raised its stake in shares of Kinder Morgan by 12.3% in the 1st quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock valued at $1,739,000 after acquiring an additional 10,079 shares during the period. Acadian Asset Management LLC raised its stake in shares of Kinder Morgan by 48,564.7% in the 1st quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock valued at $156,000 after acquiring an additional 8,256 shares during the period. Synovus Financial Corp raised its stake in shares of Kinder Morgan by 1.6% in the 1st quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock valued at $1,705,000 after acquiring an additional 1,408 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Kinder Morgan in the 1st quarter valued at $263,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMI. Truist Financial reissued a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $18.22 on Friday. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.72. The company has a market capitalization of $40.44 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. The firm’s fifty day moving average price is $17.74 and its 200 day moving average price is $17.37.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 6.31%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is presently 102.73%.

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.