Bleakley Financial Group LLC Has $453,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Bleakley Financial Group LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,667 shares of the pipeline company’s stock after purchasing an additional 1,621 shares during the period. Bleakley Financial Group LLC’s holdings in Kinder Morgan were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC grew its holdings in shares of Kinder Morgan by 102,208.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after purchasing an additional 41,030,376 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kinder Morgan by 1,352.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after buying an additional 34,269,435 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kinder Morgan by 0.3% during 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 buying an additional 87,516 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Kinder Morgan by 8.9% during the 4th quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock worth $408,128,000 after buying an additional 1,846,231 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Kinder Morgan by 3.0% during the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after buying an additional 639,467 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMI shares. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial restated a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.20.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $18.13 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.72. The stock’s 50 day moving average is $17.64 and its 200-day moving average is $17.34. The firm has a market capitalization of $40.24 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 5.14 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period in the previous year, the company earned $0.31 earnings per share. Kinder Morgan’s revenue for the quarter was down 11.8% compared to the same quarter last year. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were given a $0.2825 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s payout ratio is currently 105.61%.

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.