Signaturefd LLC Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Signaturefd LLC lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,384 shares of the pipeline company’s stock after selling 896 shares during the quarter. Signaturefd LLC’s holdings in Kinder Morgan were worth $377,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC purchased a new position in Kinder Morgan in the third quarter worth approximately $25,000. Hartford Financial Management Inc. purchased a new position in Kinder Morgan in the third quarter worth approximately $26,000. Activest Wealth Management purchased a new position in Kinder Morgan in the fourth quarter worth approximately $30,000. Rakuten Securities Inc. purchased a new position in Kinder Morgan in the fourth quarter worth approximately $33,000. Finally, OFI Invest Asset Management purchased a new position in Kinder Morgan in the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.1 %

KMI stock opened at $18.80 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92. The company’s 50 day moving average is $17.95 and its two-hundred day moving average is $17.46. The stock has a market cap of $41.72 billion, a P/E ratio of 17.09, a PEG ratio of 5.31 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last announced 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 for the quarter, compared to analysts’ expectations 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 in the previous year, the company posted $0.30 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.12%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. Kinder Morgan’s payout ratio is presently 102.73%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reissued a “hold” rating and set 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 given a buy rating to the stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Hold” and a consensus target price of $20.20.

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.