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

Fractal Investments LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 28.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 686,492 shares of the pipeline company’s stock after purchasing an additional 150,000 shares during the quarter. Kinder Morgan comprises about 2.5% of Fractal Investments LLC’s portfolio, making the stock its 12th biggest position. Fractal Investments LLC’s holdings in Kinder Morgan were worth $12,110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. SageView Advisory Group LLC raised its stake in Kinder Morgan by 3.0% during the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after acquiring an additional 596 shares in the last quarter. Wesbanco Bank Inc. increased its stake in Kinder Morgan by 0.4% in the third quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after purchasing an additional 599 shares during the period. Chronos Wealth Management LLC increased its stake in Kinder Morgan by 2.7% in the third quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock valued at $376,000 after purchasing an additional 600 shares during the period. Cubic Asset Management LLC increased its stake in Kinder Morgan by 5.1% in the fourth quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after purchasing an additional 600 shares during the period. Finally, Argonautica Private Wealth Management Inc. increased its stake in Kinder Morgan by 0.8% in the third quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock valued at $1,333,000 after purchasing an additional 615 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s 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 Securities & Exchange Commission, which can be accessed through the SEC website. 12.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KMI. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial restated a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded up $0.05 during midday trading on Wednesday, hitting $18.81. The stock had a trading volume of 12,485,494 shares, compared to its average volume of 14,267,062. The company has a market capitalization of $41.75 billion, a PE ratio of 17.10, a P/E/G ratio of 5.32 and a beta of 0.90. The stock has a 50 day moving average price of $17.91 and a two-hundred day moving average price of $17.45. 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 1 year low of $15.89 and a 1 year high of $18.92.

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

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.11%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 104.55%.

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.