Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,097 shares of the pipeline company’s stock after selling 4,229 shares during the period. NewEdge Wealth LLC’s holdings in Kinder Morgan were worth $831,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KMI. Moneta Group Investment Advisors LLC increased 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 valued at $742,555,000 after purchasing an additional 41,030,376 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Kinder Morgan by 1,352.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after purchasing an additional 34,269,435 shares during the period. Norges Bank acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $256,613,000. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at $99,908,000. Finally, Invesco Ltd. grew its holdings in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after acquiring an additional 4,870,444 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Kinder Morgan Trading Down 0.9 %

NYSE:KMI opened at $17.98 on Tuesday. 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 1-year low of $15.89 and a 1-year high of $18.72. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. The stock has a fifty day simple moving average of $17.66 and a 200 day simple moving average of $17.35.

Kinder Morgan (NYSE:KMI) last released its quarterly 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 net margin of 15.59% and a return on equity of 7.57%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter last year, the business earned $0.31 EPS. The company’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 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. Shareholders of record on Wednesday, January 31st were given a dividend of $0.2825 per share. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.29%. Kinder Morgan’s payout ratio is presently 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.