Bahl & Gaynor Inc. Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Bahl & Gaynor Inc. increased its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,014,506 shares of the pipeline company's stock after buying an additional 59,290 shares during the quarter. Bahl & Gaynor Inc. owned about 0.18% of Kinder Morgan worth $70,816,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KMI. Charles Schwab Investment Management Inc. increased its stake in shares of Kinder Morgan by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company's stock valued at $472,464,000 after buying an additional 87,516 shares during the period. Northern Trust Corp increased its stake in shares of Kinder Morgan by 3.0% during the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company's stock valued at $369,688,000 after buying an additional 639,467 shares during the period. Invesco Ltd. increased its stake in shares of Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company's stock valued at $355,451,000 after buying an additional 4,870,444 shares during the period. Morgan Stanley increased its stake in shares of Kinder Morgan by 4.1% during the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company's stock valued at $338,234,000 after buying an additional 796,829 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the third quarter valued at $99,908,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.12 during trading hours on Friday, reaching $18.68. The company had a trading volume of 9,415,524 shares, compared to its average volume of 13,001,248. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92. The firm has a market cap of $41.46 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 5.31 and a beta of 0.90. The business's 50 day moving average price is $17.98 and its 200-day moving average price is $17.48. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28.

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. The business had revenue of $3.84 billion during 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 business's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 6.16%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. Kinder Morgan's dividend payout ratio is presently 102.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KMI shares. StockNews.com downgraded Kinder Morgan from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Truist Financial reissued a "hold" rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.20.

Insider Transactions at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company's stock, valued at approximately $6,494,537.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 12.64% of the company's stock.

Kinder Morgan Profile

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.