Flputnam Investment Management Co. Raises Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Flputnam Investment Management Co. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,789 shares of the pipeline company’s stock after purchasing an additional 1,076 shares during the quarter. Flputnam Investment Management Co.’s holdings in Kinder Morgan were worth $296,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KMI. Moneta Group Investment Advisors LLC increased its holdings in shares of Kinder Morgan by 102,208.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after buying an additional 41,030,376 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Kinder Morgan by 1,352.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after purchasing an additional 34,269,435 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Kinder Morgan by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock valued at $472,464,000 after purchasing an additional 87,516 shares during the last quarter. Morgan Stanley increased its position in shares of Kinder Morgan by 8.9% during the 4th quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock valued at $408,128,000 after purchasing an additional 1,846,231 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Kinder Morgan by 3.0% during the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after buying an additional 639,467 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 2.6 %

Shares of KMI opened at $18.22 on Friday. The firm has a market capitalization of $40.44 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 4.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.72. The company has a 50-day moving average of $17.74 and a 200 day moving average of $17.37.

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 the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. On average, research analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 6.31%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 102.73%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMI. StockNews.com cut shares of 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 issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and a consensus price target of $20.20.

About Kinder Morgan

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.