SageView Advisory Group LLC Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

SageView Advisory Group LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,460 shares of the pipeline company’s stock after acquiring an additional 2,853 shares during the quarter. SageView Advisory Group LLC’s holdings in Kinder Morgan were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KMI. PNC Financial Services Group Inc. increased its stake in Kinder Morgan by 5.9% in the third quarter. PNC Financial Services Group Inc. now owns 227,575 shares of the pipeline company’s stock valued at $3,773,000 after acquiring an additional 12,691 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Kinder Morgan by 51.7% in the third quarter. Envestnet Asset Management Inc. now owns 4,758,545 shares of the pipeline company’s stock valued at $78,897,000 after acquiring an additional 1,621,397 shares during the last quarter. WINTON GROUP Ltd bought a new position in Kinder Morgan in the third quarter valued at $194,000. Pearl River Capital LLC bought a new position in Kinder Morgan in the third quarter valued at $426,000. Finally, CenterBook Partners LP bought a new position in shares of Kinder Morgan during the third quarter valued at about $365,000. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. UBS Group raised their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Kinder Morgan Stock Performance

Shares of KMI opened at $19.74 on Thursday. 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, Inc. has a one year low of $15.89 and a one year high of $20.07. The company has a 50-day simple moving average of $19.07 and a two-hundred day simple moving average of $18.11. The firm has a market capitalization of $43.81 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 3.10 and a beta of 0.92.

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

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 5.83%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Insider Activity

In other news, 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 transaction of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 transaction of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The disclosure for this sale can be found here. Company insiders own 12.81% of the company’s stock.

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.