abrdn plc Raises Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

abrdn plc boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 71.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,276,785 shares of the pipeline company’s stock after buying an additional 945,381 shares during the period. abrdn plc owned approximately 0.10% of Kinder Morgan worth $40,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tucker Asset Management LLC purchased a new stake in Kinder Morgan during the third quarter worth about $25,000. Hartford Financial Management Inc. purchased a new stake in Kinder Morgan during the third quarter worth about $26,000. Activest Wealth Management purchased a new stake in Kinder Morgan during the fourth quarter worth about $30,000. OFI Invest Asset Management purchased a new stake in Kinder Morgan during the third quarter worth about $33,000. Finally, Rakuten Securities Inc. purchased a new stake in Kinder Morgan during the fourth quarter worth about $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report 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 data from MarketBeat, Kinder Morgan presently has an average rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Performance

Shares of KMI opened at $18.82 on Tuesday. The stock has a 50 day moving average price of $17.82 and a 200 day moving average price of $17.42. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $41.77 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 5.32 and a beta of 0.90. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.92.

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

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.2875 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 102.73%.

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.