Xponance Inc. increases stock position in Kinder Morgan, Inc. (NYSE:KMI)

Xponance Inc. increased his stake in the shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) rose 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,098 shares of the pipeline company, after buying an additional 10,421 shares during the quarter. The importance of Xponance Inc. in Kinder Morgan was worth $5,170,000 at the end of the most recent quarter.

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

Changes in analyst ratings

KMI has been the subject of a number of research reports. Truist Financial reiterated a “hold” rating and issued a $20.00 price target (up from $22.00) 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 report 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, the stock has an average rating of ‘Hold’ and an average price target of $20.20.

Check out our latest research report on RMI

Kinder Morgan is trading 3.5% higher

NYSE:KMI opened at $18.84 on Friday. 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 5.15, and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. The company 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) posted its latest quarterly results on Wednesday, April 17. The pipeline company reported $0.34 earnings per share for the quarter, beating analysts’ consensus expectations 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 during the quarter, compared to analyst expectations of $4.36 billion. During the same quarter of the previous year, the company posted earnings per share of $0.30. The company’s quarterly revenue fell 1.2% year over year. Sell-side analysts predict that Kinder Morgan, Inc. will post earnings per share of 1.18 for the current year.

Kinder Morgan increases dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15. Shareholders of record on Tuesday, April 30 will receive a dividend of $0.2875. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a dividend of $1.15 annually and a dividend yield of 6.10%. The ex-dividend date is Monday, April 29. Kinder Morgan’s dividend payout ratio currently stands at 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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