Global Wealth Management Investment Advisory Inc. Has $586,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Global Wealth Management Investment Advisory Inc. lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,244 shares of the pipeline company’s stock after purchasing an additional 1,437 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Kinder Morgan were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its holdings in shares of Kinder Morgan by 27.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 24,461 shares of the pipeline company’s stock worth $431,000 after purchasing an additional 5,297 shares in the last quarter. Savant Capital LLC boosted its stake in Kinder Morgan by 3.9% in the 4th quarter. Savant Capital LLC now owns 89,480 shares of the pipeline company’s stock valued at $1,578,000 after buying an additional 3,370 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in Kinder Morgan by 0.6% in the 4th quarter. WealthTrust Axiom LLC now owns 564,956 shares of the pipeline company’s stock valued at $9,966,000 after buying an additional 3,581 shares in the last quarter. Duff & Phelps Investment Management Co. boosted its stake in Kinder Morgan by 0.7% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,286,526 shares of the pipeline company’s stock valued at $22,694,000 after buying an additional 9,000 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in Kinder Morgan by 31.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 116,917 shares of the pipeline company’s stock valued at $2,062,000 after buying an additional 27,834 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KMI. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Kinder Morgan has an average rating of “Hold” and an average target price of $20.20.

Insiders Place Their Bets

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 transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $18.23 on Thursday. 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 firm has a market cap of $40.46 billion, a P/E ratio of 16.57, a P/E/G ratio of 5.15 and a beta of 0.89. The business’s fifty day moving average is $18.05 and its two-hundred day moving average is $17.51. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.92.

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

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid 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 6.31%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 104.55%.

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.