Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,095 shares of the pipeline company’s stock after selling 1,254 shares during the period. Meeder Advisory Services Inc.’s holdings in Kinder Morgan were worth $460,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMI. Fairfield Bush & CO. acquired a new position in Kinder Morgan in the first quarter valued at approximately $93,000. American Century Companies Inc. boosted its position in shares of 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 buying an additional 10,079 shares during the period. Acadian Asset Management LLC boosted its position in shares of 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 buying an additional 8,256 shares during the period. Synovus Financial Corp boosted its position in shares of 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 buying an additional 1,408 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Kinder Morgan during the first quarter worth approximately $263,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $18.36 on Tuesday. The stock has a market cap of $40.75 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 5.20 and a beta of 0.90. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.72. The stock’s 50 day moving average price is $17.53 and its 200 day moving average price is $17.29. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results 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). The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. Kinder Morgan’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.13 annualized dividend and a dividend yield of 6.15%. Kinder Morgan’s dividend payout ratio is currently 105.61%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.20.

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.