U.S. Capital Wealth Advisors LLC Has $8.50 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

U.S. Capital Wealth Advisors LLC raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.8% in the 4th quarter, Holdings Channel reports. The firm owned 482,052 shares of the pipeline company’s stock after purchasing an additional 34,951 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Kinder Morgan were worth $8,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Xponance Inc. raised its position in shares of Kinder Morgan by 8.9% during the third quarter. Xponance Inc. now owns 282,677 shares of the pipeline company’s stock worth $4,687,000 after acquiring an additional 23,199 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Kinder Morgan by 6.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,359,069 shares of the pipeline company’s stock worth $22,533,000 after purchasing an additional 78,914 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Kinder Morgan by 27.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 54,591 shares of the pipeline company’s stock worth $905,000 after purchasing an additional 11,735 shares during the period. Segment Wealth Management LLC lifted its position in shares of Kinder Morgan by 9.4% in the 3rd quarter. Segment Wealth Management LLC now owns 14,165 shares of the pipeline company’s stock worth $235,000 after purchasing an additional 1,213 shares during the period. Finally, Kowal Investment Group LLC boosted its stake in shares of Kinder Morgan by 6.6% in the 3rd quarter. Kowal Investment Group LLC now owns 14,725 shares of the pipeline company’s stock valued at $244,000 after purchasing an additional 908 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.6 %

NYSE:KMI traded up $0.11 during trading hours on Friday, reaching $18.57. The company had a trading volume of 12,409,404 shares, compared to its average volume of 14,362,760. 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 firm has a market cap of $41.21 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 5.23 and a beta of 0.89. The business’s 50-day simple moving average is $18.10 and its two-hundred day simple moving average is $17.52.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the business posted $0.30 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.19%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KMI shares. Truist Financial restated a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.20.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction 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 transaction, 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 accessible through this link. 12.64% of the stock is currently owned by insiders.

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.