Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,153 shares of the pipeline company’s stock after buying an additional 12,071 shares during the period. Kinder Morgan accounts for approximately 0.9% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its 26th biggest holding. Jackson Hole Capital Partners LLC’s holdings in Kinder Morgan were worth $3,654,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in Kinder Morgan during the third quarter worth approximately $25,000. Hartford Financial Management Inc. acquired a new position in Kinder Morgan during the third quarter worth approximately $26,000. Activest Wealth Management acquired a new position in Kinder Morgan during the fourth quarter worth approximately $30,000. OFI Invest Asset Management acquired a new position in Kinder Morgan during the third quarter worth approximately $33,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 target price (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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.20.

Insider Buying and Selling

In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction 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 $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.01 during trading on Thursday, reaching $18.80. The company’s stock had a trading volume of 17,385,360 shares, compared to its average volume of 14,306,079. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.92. The company has a market capitalization of $41.72 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 5.30 and a beta of 0.90. The business has a 50 day moving average price of $17.95 and a 200-day moving average price of $17.46.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $4.36 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 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 is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 6.12%. Kinder Morgan’s payout ratio is currently 102.73%.

Kinder Morgan Company 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.