Uncommon Cents Investing LLC Has $998,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Uncommon Cents Investing LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,415 shares of the pipeline company’s stock after selling 585 shares during the period. Uncommon Cents Investing LLC’s holdings in Kinder Morgan were worth $998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KMI. Moneta Group Investment Advisors LLC grew its holdings in shares of Kinder Morgan by 102,208.0% during the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Kinder Morgan by 1,352.5% in 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kinder Morgan by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after purchasing an additional 87,516 shares in the last quarter. Morgan Stanley boosted its holdings in Kinder Morgan by 8.9% during the fourth quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock worth $408,128,000 after purchasing an additional 1,846,231 shares during the last quarter. Finally, Northern Trust Corp grew its position in Kinder Morgan by 3.0% in the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after purchasing an additional 639,467 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.0 %

Kinder Morgan stock opened at $18.34 on Friday. The stock has a 50-day simple moving average of $17.34 and a 200 day simple moving average of $17.21. The stock has a market capitalization of $40.70 billion, a P/E ratio of 17.14, a PEG ratio of 5.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.43.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The business’s revenue was down 11.8% compared to the same quarter last year. Analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a $0.2825 dividend. This represents a $1.13 annualized dividend and a dividend yield of 6.16%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s payout ratio is presently 105.61%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, VP John W. Schlosser sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the sale, the vice president now owns 3,219 shares in the company, valued at $57,942. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 12.64% of the stock is currently owned by 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.