Magnus Financial Group LLC Cuts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Magnus Financial Group LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 27.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,651 shares of the pipeline company’s stock after selling 4,793 shares during the period. Magnus Financial Group LLC’s holdings in Kinder Morgan were worth $223,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KMI. Charles Schwab Investment Management Inc. lifted its stake in Kinder Morgan by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after acquiring an additional 87,516 shares during the last quarter. Northern Trust Corp raised its stake in Kinder Morgan by 3.0% in the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after buying an additional 639,467 shares in the last quarter. Invesco Ltd. boosted its position in shares of Kinder Morgan by 29.4% during the 3rd quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after acquiring an additional 4,870,444 shares in the last quarter. Morgan Stanley raised its position in shares of Kinder Morgan by 4.1% during the 3rd quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after acquiring an additional 796,829 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth about $99,908,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial reiterated a “hold” rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Insider Buying and Selling at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.81% of the stock is owned by company insiders.

Kinder Morgan Price Performance

KMI stock opened at $18.60 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The stock’s 50 day moving average price is $18.01 and its 200 day moving average price is $17.49. The firm has a market cap of $41.28 billion, a P/E ratio of 16.91, a PEG ratio of 5.28 and a beta of 0.90. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. 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 business posted $0.30 earnings per share. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.18%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

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.