First Horizon Advisors Inc. Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

First Horizon Advisors Inc. increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,278 shares of the pipeline company’s stock after buying an additional 856 shares during the quarter. First Horizon Advisors Inc.’s holdings in Kinder Morgan were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in KMI. Silver Lake Advisory LLC increased its holdings in shares of Kinder Morgan by 4.2% in the fourth quarter. Silver Lake Advisory LLC now owns 231,363 shares of the pipeline company’s stock valued at $4,081,000 after purchasing an additional 9,284 shares during the period. Robertson Stephens Wealth Management LLC boosted its position in Kinder Morgan by 6.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 15,547 shares of the pipeline company’s stock valued at $274,000 after buying an additional 924 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its position in Kinder Morgan by 2.3% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 42,394 shares of the pipeline company’s stock worth $748,000 after buying an additional 968 shares during the last quarter. First Trust Direct Indexing L.P. lifted its stake in Kinder Morgan by 23.1% during the 4th quarter. First Trust Direct Indexing L.P. now owns 45,386 shares of the pipeline company’s stock valued at $801,000 after acquiring an additional 8,511 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Kinder Morgan by 4.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 33,244 shares of the pipeline company’s stock valued at $586,000 after acquiring an additional 1,437 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated 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 sale, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Up 0.6 %

KMI opened at $18.57 on Monday. The company has a fifty day moving average of $18.10 and a two-hundred day moving average of $17.53. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.92. The stock has a market capitalization of $41.21 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 5.23 and a beta of 0.89.

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

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, April 29th. 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 yield of 6.19%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KMI shares. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reissued a “hold” rating and issued a $20.00 price objective (down previously 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.20.

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.