Bahl & Gaynor Inc. Increases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Bahl & Gaynor Inc. raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 4,014,506 shares of the pipeline company’s stock after acquiring an additional 59,290 shares during the period. Bahl & Gaynor Inc.’s holdings in Kinder Morgan were worth $70,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Tucker Asset Management LLC purchased a new stake in shares of Kinder Morgan in the third quarter valued at approximately $25,000. Hartford Financial Management Inc. purchased a new stake in shares of Kinder Morgan in the third quarter valued at approximately $26,000. Activest Wealth Management purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $30,000. OFI Invest Asset Management purchased a new stake in shares of Kinder Morgan in the third quarter valued at approximately $33,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Truist Financial restated 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 downgraded 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 company has an average rating of “Hold” and an average target price of $20.20.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $18.68 on Friday. The stock has a fifty day moving average price of $17.98 and a 200 day moving average price of $17.47. The stock has a market cap of $41.46 billion, a PE ratio of 16.98, a P/E/G ratio of 5.31 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. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $3.84 billion during 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%. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.16%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s payout ratio is 102.73%.

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.