Strong Tower Advisory Services Acquires 3,342 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Strong Tower Advisory Services grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 10.0% in the fourth quarter, HoldingsChannel reports. The fund owned 36,920 shares of the pipeline company’s stock after buying an additional 3,342 shares during the period. Strong Tower Advisory Services’ holdings in Kinder Morgan were worth $651,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KMI. Fairfield Bush & CO. bought a new stake in shares of Kinder Morgan in the first quarter valued at about $93,000. American Century Companies Inc. lifted its position in Kinder Morgan by 12.3% during the first quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock worth $1,739,000 after purchasing an additional 10,079 shares during the period. Acadian Asset Management LLC lifted its position in Kinder Morgan by 48,564.7% during the first quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock worth $156,000 after purchasing an additional 8,256 shares during the period. Synovus Financial Corp lifted its position in Kinder Morgan by 1.6% during the first quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock worth $1,705,000 after purchasing an additional 1,408 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Kinder Morgan during the first quarter worth about $263,000. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KMI shares. Truist Financial reaffirmed a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $18.34 on Friday. The business has a 50 day moving average of $17.34 and a 200-day moving average of $17.21. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.43. 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 company has a market capitalization of $40.70 billion, a P/E ratio of 17.14, a P/E/G ratio of 5.11 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) 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 company earned $0.31 EPS. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio is presently 105.61%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 7,500 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the sale, the vice president now owns 3,219 shares of the company’s stock, valued at approximately $57,942. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.64% of the company’s stock.

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.