Choreo LLC Acquires 10,886 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Choreo LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 106.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,109 shares of the pipeline company’s stock after buying an additional 10,886 shares during the quarter. Choreo LLC’s holdings in Kinder Morgan were worth $372,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Gotham Asset Management LLC raised its holdings in Kinder Morgan by 11.3% in the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after acquiring an additional 54,184 shares in the last quarter. Virginia Wealth Management Group Inc. boosted its stake in Kinder Morgan by 1.6% during the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after buying an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in Kinder Morgan by 69.2% in the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after buying an additional 1,617,250 shares during the period. Teza Capital Management LLC lifted its holdings in shares of Kinder Morgan by 190.9% during the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after acquiring an additional 346,000 shares during the period. Finally, Rheos Capital Works Inc. boosted its position in shares of Kinder Morgan by 285.7% during the 4th quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock valued at $19,051,000 after acquiring an additional 800,000 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent research reports. Truist Financial reissued a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.20.

Kinder Morgan Stock Up 0.7 %

Shares of KMI opened at $18.58 on Friday. The business’s 50 day simple moving average is $18.07 and its 200-day simple moving average is $17.51. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The company has a market capitalization of $41.24 billion, a P/E ratio of 16.89, a PEG ratio of 5.14 and a beta of 0.89. 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 (NYSE:KMI) last announced its earnings results 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 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 analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.19%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was 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 approximately $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 12.64% of the stock is currently owned by company insiders.

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.