Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Cwm LLC

Cwm LLC raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,433 shares of the pipeline company’s stock after acquiring an additional 32,310 shares during the quarter. Cwm LLC’s holdings in Kinder Morgan were worth $7,487,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KMI. Tucker Asset Management LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at approximately $25,000. Hartford Financial Management Inc. acquired a new position in shares of Kinder Morgan during the third quarter valued at approximately $26,000. Activest Wealth Management acquired a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $30,000. OFI Invest Asset Management acquired a new position in shares of Kinder Morgan during the third quarter valued at approximately $33,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six equities research 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 target price of $20.20.

Kinder Morgan Price Performance

NYSE:KMI opened at $18.82 on Tuesday. The stock has a 50 day moving average price of $17.82 and a 200 day moving average price of $17.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50. The stock has a market cap of $41.77 billion, a PE ratio of 17.11, a P/E/G ratio of 5.32 and a beta of 0.90. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92.

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

Kinder Morgan Increases Dividend

The company also recently declared 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 positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.11%. The ex-dividend date is Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is currently 102.73%.

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.