Visionary Wealth Advisors Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Visionary Wealth Advisors lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.4% during the 4th quarter, HoldingsChannel reports. The fund owned 272,878 shares of the pipeline company’s stock after acquiring an additional 3,751 shares during the period. Visionary Wealth Advisors’ holdings in Kinder Morgan were worth $4,814,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KMI. Burney Co. purchased a new stake in Kinder Morgan during the third quarter valued at about $272,000. Pathstone Family Office LLC boosted its position in Kinder Morgan by 215.9% during the 3rd quarter. Pathstone Family Office LLC now owns 90,910 shares of the pipeline company’s stock worth $1,509,000 after purchasing an additional 62,132 shares during the period. HighTower Advisors LLC increased its holdings in Kinder Morgan by 2.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,306,473 shares of the pipeline company’s stock valued at $21,647,000 after purchasing an additional 29,680 shares in the last quarter. Aptus Capital Advisors LLC raised its position in Kinder Morgan by 86.6% in the third quarter. Aptus Capital Advisors LLC now owns 29,291 shares of the pipeline company’s stock valued at $486,000 after purchasing an additional 13,596 shares during the period. Finally, Wealth Alliance acquired a new position in shares of Kinder Morgan during the third quarter worth about $174,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 1.0 %

Shares of NYSE:KMI traded up $0.19 during midday trading on Monday, hitting $19.81. 11,566,507 shares of the stock were exchanged, compared to its average volume of 13,696,057. The company has a market capitalization of $43.97 billion, a PE ratio of 17.93, a P/E/G ratio of 3.10 and a beta of 0.92. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $19.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The business’s fifty day simple moving average is $18.86 and its two-hundred day simple moving average is $17.98.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion for 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 revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 5.81%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, Truist Financial reaffirmed a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Insiders Place Their Bets

In related news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael C. Morgan sold 230,000 shares of the business’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 directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The disclosure for this sale can be found here. Company insiders own 12.81% of the company’s stock.

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.