Wealthcare Advisory Partners LLC Buys 6,354 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Wealthcare Advisory Partners LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,710 shares of the pipeline company’s stock after buying an additional 6,354 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Kinder Morgan were worth $802,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of Kinder Morgan by 890.7% during the third quarter. Acadian Asset Management LLC now owns 47,295 shares of the pipeline company’s stock worth $784,000 after purchasing an additional 42,521 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Kinder Morgan by 741.4% during the third quarter. Federated Hermes Inc. now owns 76,395 shares of the pipeline company’s stock worth $1,267,000 after purchasing an additional 67,315 shares during the last quarter. Natixis Advisors L.P. lifted its position in shares of Kinder Morgan by 4.9% during the third quarter. Natixis Advisors L.P. now owns 327,552 shares of the pipeline company’s stock worth $5,431,000 after purchasing an additional 15,202 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Kinder Morgan by 25.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 103,110 shares of the pipeline company’s stock worth $1,710,000 after purchasing an additional 20,747 shares during the last quarter. Finally, Synovus Financial Corp lifted its position in shares of Kinder Morgan by 7.2% during the third quarter. Synovus Financial Corp now owns 102,662 shares of the pipeline company’s stock worth $1,702,000 after purchasing an additional 6,899 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

KMI opened at $19.87 on Friday. The business’s 50-day moving average is $19.32 and its two-hundred day moving average is $18.22. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $20.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. The firm has a market capitalization of $44.10 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92.

Kinder Morgan (NYSE:KMI) last posted its 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 company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.79%. Kinder Morgan’s payout ratio is presently 104.55%.

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was 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 in the company, valued at approximately $6,494,537.34. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KMI shares. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. UBS Group raised their price target on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Truist Financial restated a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $21.00.

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.