Financial Counselors Inc. Purchases Shares of 10,372 Kinder Morgan, Inc. (NYSE:KMI)

Financial Counselors Inc. purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,372 shares of the pipeline company’s stock, valued at approximately $183,000.

Several other large investors have also added to or reduced their stakes in KMI. Tucker Asset Management LLC bought a new stake in Kinder Morgan in the third quarter worth $25,000. Hartford Financial Management Inc. bought a new position in Kinder Morgan during the third quarter valued at $26,000. First Capital Advisors Group LLC. bought a new position in Kinder Morgan during the second quarter valued at $29,000. Activest Wealth Management bought a new position in Kinder Morgan during the fourth quarter valued at $30,000. Finally, OFI Invest Asset Management bought a new position in Kinder Morgan during the third quarter valued at $33,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reiterated a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Down 1.2 %

Shares of KMI opened at $18.13 on Monday. The firm has a market capitalization of $40.24 billion, a P/E ratio of 16.94, a P/E/G ratio of 5.08 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 company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. The firm has a fifty day moving average price of $17.64 and a 200-day moving average price of $17.34.

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

Kinder Morgan Dividend Announcement

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

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.