Federated Hermes Inc. Trims Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Federated Hermes Inc. decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 88.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,550 shares of the pipeline company’s stock after selling 67,845 shares during the period. Federated Hermes Inc.’s holdings in Kinder Morgan were worth $151,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. River Road Asset Management LLC grew its position in shares of Kinder Morgan by 2.8% in the 4th quarter. River Road Asset Management LLC now owns 1,549,460 shares of the pipeline company’s stock worth $27,332,000 after buying an additional 41,505 shares during the period. Archer Investment Corp grew its position in Kinder Morgan by 6.9% during the 4th quarter. Archer Investment Corp now owns 62,388 shares of the pipeline company’s stock valued at $1,101,000 after purchasing an additional 4,000 shares during the last quarter. Rakuten Securities Inc. bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $33,000. Sfmg LLC raised its holdings in Kinder Morgan by 24.4% in the 4th quarter. Sfmg LLC now owns 170,655 shares of the pipeline company’s stock worth $3,010,000 after acquiring an additional 33,513 shares during the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in Kinder Morgan in the 4th quarter valued at approximately $330,000. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KMI shares. StockNews.com downgraded 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 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and an average target price of $20.20.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Up 0.6 %

Kinder Morgan stock opened at $18.57 on Monday. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.92. The company has a market cap of $41.21 billion, a P/E ratio of 16.88, a P/E/G ratio of 5.23 and a beta of 0.89. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $18.10 and a two-hundred day simple moving average of $17.53.

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

Kinder Morgan Increases Dividend

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

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.