Apollon Wealth Management LLC Purchases 3,304 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Apollon Wealth Management LLC increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 71,237 shares of the pipeline company’s stock after purchasing an additional 3,304 shares during the quarter. Apollon Wealth Management LLC’s holdings in Kinder Morgan were worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in Kinder Morgan by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after acquiring an additional 87,516 shares in the last quarter. Northern Trust Corp raised its position in Kinder Morgan by 3.0% during the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after purchasing an additional 639,467 shares in the last quarter. Invesco Ltd. grew its position in shares of Kinder Morgan by 29.4% during the 3rd quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after buying an additional 4,870,444 shares in the last quarter. Morgan Stanley raised its holdings in shares of Kinder Morgan by 4.1% in the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after acquiring an additional 796,829 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in Kinder Morgan during the 3rd quarter worth about $99,908,000. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KMI has been the subject of several research reports. 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 report on Monday, March 25th. StockNews.com cut 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Price Performance

NYSE KMI opened at $18.81 on Thursday. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.92. The firm’s fifty day simple moving average is $18.16 and its two-hundred day simple moving average is $17.55. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $41.75 billion, a P/E ratio of 17.10, a P/E/G ratio of 5.23 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (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 for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the company posted $0.30 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 104.55%.

Insiders Place Their Bets

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.81% of the company’s stock.

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.