Kinder Morgan, Inc. (NYSE:KMI) shares acquired by Greenleaf Trust

Greenleaf Trust has sold its interest in Kinder Morgan, Inc. (NYSE:KMI – Free Report) increased 6.6% during the fourth quarter, the company said in its most recent filing with the Securities and Exchange Commission (SEC). The company owned 58,557 shares of the pipeline company, after acquiring an additional 3,639 shares during the quarter. Greenleaf Trust’s holdings in Kinder Morgan were worth $1,033,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new stake in Kinder Morgan in the third quarter worth approximately $25,000. Hartford Financial Management Inc. bought a new stake in Kinder Morgan stock worth approximately $26,000 during the third quarter. First Capital Advisors Group LLC. bought a new position in shares of Kinder Morgan worth approximately $29,000 in the second quarter. Activest Wealth Management acquired a new position in shares of Kinder Morgan during the fourth quarter worth approximately $30,000. Finally, Rakuten acquired Securities Inc. a new position in shares of Kinder Morgan worth approximately $33,000 during the fourth quarter. Institutional investors and hedge funds own 62.52% of the company’s shares.

Analyst upgrades and downgrades

A number of stock analysts have issued reports on KMI stock. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target on shares of Kinder Morgan in a research note on Monday, March 25. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Hold” and a consensus price target of $20.20.

Check out our latest report on RMI

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $18.84 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50. The company has a market cap of $41.81 billion, a price-to-earnings ratio of 17.13, a price-to-earnings growth ratio of 5.32 and a beta of 0.90. The stock has a fifty-day moving average of $17.78 and a 200-day moving average of $17.40. Kinder Morgan, Inc. has a one-year low of $15.89 and a one-year high of $18.90.

Kinder Morgan (NYSE:KMI – Get Free Report) last posted its quarterly earnings data on Wednesday, April 17. The pipeline company reported $0.34 earnings per share for the quarter, matching analyst consensus estimates of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company’s quarterly revenue fell 1.2% year over year. During the same period last year, the company earned earnings per share of $0.30. As a group, equity analysts expect Kinder Morgan, Inc. will record a profit per share of 1.18 for the current financial year.

Kinder Morgan increases dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15. A dividend of $0.2875 per share will be paid to shareholders of record on Tuesday, April 30. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a dividend of $1.15 annually and a yield of 6.10%. The ex-dividend date is Monday, April 29. Kinder Morgan’s payout percentage is 102.73%.

About KinderMorgan

(Free report)

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through natural gas pipelines, product pipelines, terminals and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipelines and storage systems; natural gas gathering systems and natural gas processing and treatment facilities; natural gas liquids fractionation facilities and transportation systems; and facilities for the gasification, liquefaction and storage of liquefied natural gas.

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