TCG Advisory Services LLC Purchases 7,347 Shares of Kinder Morgan, Inc. (NYSE:KMI)

TCG Advisory Services LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 63.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,912 shares of the pipeline company’s stock after acquiring an additional 7,347 shares during the quarter. TCG Advisory Services LLC’s holdings in Kinder Morgan were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMI. Tucker Asset Management LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth $25,000. Activest Wealth Management purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new position in Kinder Morgan during the 3rd quarter worth $33,000. Rakuten Securities Inc. bought a new stake in Kinder Morgan during the 4th quarter worth about $33,000. Finally, Gradient Investments LLC increased its stake in Kinder Morgan by 57.1% in the 4th quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock valued at $45,000 after buying an additional 920 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was 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 directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 12.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial reissued a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.20.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.11 during mid-day trading on Monday, reaching $18.68. 2,600,783 shares of the company were exchanged, compared to its average volume of 14,111,551. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The company’s 50-day simple moving average is $18.10 and its 200-day simple moving average is $17.53. The stock has a market capitalization of $41.46 billion, a P/E ratio of 16.88, a P/E/G ratio of 5.23 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 6.16%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

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.