Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 22.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 737,820 shares of the pipeline company's stock after acquiring an additional 136,902 shares during the period. Illinois Municipal Retirement Fund's holdings in Kinder Morgan were worth $13,015,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SageView Advisory Group LLC raised its position in Kinder Morgan by 3.0% during the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company's stock valued at $342,000 after purchasing an additional 596 shares in the last quarter. Wesbanco Bank Inc. raised its position in Kinder Morgan by 0.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company's stock valued at $2,463,000 after purchasing an additional 599 shares in the last quarter. Chronos Wealth Management LLC raised its position in Kinder Morgan by 2.7% during the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company's stock valued at $376,000 after purchasing an additional 600 shares in the last quarter. Cubic Asset Management LLC raised its position in Kinder Morgan by 5.1% during the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company's stock valued at $217,000 after purchasing an additional 600 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its position in Kinder Morgan by 0.8% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company's stock valued at $1,333,000 after purchasing an additional 615 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Down 0.3 %

Shares of NYSE:KMI traded down $0.07 on Tuesday, reaching $18.76. The company had a trading volume of 12,913,431 shares, compared to its average volume of 14,289,917. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.92. The firm's 50 day simple moving average is $17.82 and its 200-day simple moving average is $17.42. The firm has a market capitalization of $41.62 billion, a PE ratio of 17.05, a PEG ratio of 5.32 and a beta of 0.90. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share 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 firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the business earned $0.30 EPS. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.13%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.28. Kinder Morgan's payout ratio is currently 102.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com lowered Kinder Morgan from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Truist Financial reiterated a "hold" rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Hold" and a consensus target price of $20.20.

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.