Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,671,381 shares of the pipeline company’s stock after acquiring an additional 400 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Kinder Morgan were worth $45,796,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $25,000. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth about $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. grew its holdings in Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.8 %

Shares of KMI stock opened at $28.24 on Friday. The stock has a fifty day moving average price of $27.51 and a 200 day moving average price of $26.29. The stock has a market cap of $62.75 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares of the company’s stock, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,490,996 in the last three months. 12.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research analyst reports. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan 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.