Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.1% during the first quarter, Holdings Channel.com reports. The firm owned 135,209 shares of the pipeline company’s stock after acquiring an additional 5,335 shares during the period. Cohen Investment Advisors LLC’s holdings in Kinder Morgan were worth $2,480,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Tempus Wealth Planning LLC lifted its holdings in Kinder Morgan by 10.3% during the 1st quarter. Tempus Wealth Planning LLC now owns 100,096 shares of the pipeline company’s stock worth $1,836,000 after buying an additional 9,354 shares during the last quarter. Kovack Advisors Inc. lifted its stake in Kinder Morgan by 3.2% during the first quarter. Kovack Advisors Inc. now owns 24,574 shares of the pipeline company’s stock worth $451,000 after purchasing an additional 767 shares during the last quarter. Norden Group LLC acquired a new position in Kinder Morgan in the first quarter valued at approximately $2,539,000. Bourgeon Capital Management LLC increased its stake in Kinder Morgan by 2.0% in the first quarter. Bourgeon Capital Management LLC now owns 230,241 shares of the pipeline company’s stock valued at $4,223,000 after purchasing an additional 4,434 shares during the last quarter. Finally, Redmont Wealth Advisors LLC acquired a new stake in Kinder Morgan during the first quarter worth approximately $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded up $0.24 on Thursday, reaching $19.96. The company’s stock had a trading volume of 11,016,115 shares, compared to its average volume of 12,767,919. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $20.19. The stock has a market capitalization of $44.30 billion, a P/E ratio of 18.15, a PEG ratio of 3.11 and a beta of 0.93. The stock’s 50-day moving average is $19.38 and its two-hundred day moving average is $18.27. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.76%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KMI. Truist Financial restated a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, UBS Group boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Insider Buying and Selling at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated 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 sale, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of 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 document filed with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by corporate insiders.

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.