Choreo LLC Raises Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Choreo LLC lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 106.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,109 shares of the pipeline company’s stock after acquiring an additional 10,886 shares during the period. Choreo LLC’s holdings in Kinder Morgan were worth $372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $25,000. Activest Wealth Management acquired a new position in shares of Kinder Morgan during the fourth quarter worth about $30,000. Rakuten Securities Inc. purchased a new position in Kinder Morgan during the fourth quarter worth about $33,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan in the third quarter valued at about $33,000. Finally, Gradient Investments LLC boosted its holdings in Kinder Morgan by 57.1% in the 4th quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock valued at $45,000 after purchasing an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Kinder Morgan Stock Performance

Shares of KMI stock opened at $18.58 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The stock has a market cap of $41.24 billion, a PE ratio of 16.89, a P/E/G ratio of 5.14 and a beta of 0.89. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92. The stock has a fifty day moving average price of $18.07 and a 200 day moving average price of $17.51.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s payout ratio is currently 104.55%.

About Kinder Morgan

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.