Dynamic Technology Lab Private Ltd lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 58.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,318 shares of the pipeline company’s stock after selling 38,893 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Kinder Morgan were worth $482,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in KMI. Tucker Asset Management LLC bought a new stake in shares of Kinder Morgan during the third quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in Kinder Morgan in the fourth quarter valued at about $26,000. Activest Wealth Management bought a new stake in Kinder Morgan in the fourth quarter valued at about $30,000. Rakuten Securities Inc. bought a new stake in Kinder Morgan in the fourth quarter valued at about $33,000. Finally, EdgeRock Capital LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth approximately $41,000. Institutional investors own 62.52% of the company’s stock.
Kinder Morgan Stock Performance
KMI stock opened at $19.07 on Friday. The stock has a 50-day moving average price of $18.59 and a 200-day moving average price of $17.78. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $19.93. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The firm has a market cap of $42.32 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89.
Kinder Morgan (NYSE:KMI – Get Free Report) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The business 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%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.
Kinder Morgan Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is presently 104.55%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on KMI shares. Truist Financial reiterated 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. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.20.
Get Our Latest Stock Analysis on KMI
Insider Activity at Kinder Morgan
In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Michael C. Morgan sold 230,000 shares of the 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 transaction, the director now 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 can be accessed through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.
About Kinder Morgan
(Free Report)
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.
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