Private Wealth Partners LLC Purchases 81,356 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Private Wealth Partners LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,610 shares of the pipeline company's stock after buying an additional 81,356 shares during the quarter. Private Wealth Partners LLC's holdings in Kinder Morgan were worth $4,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in KMI. Charles Schwab Investment Management Inc. raised its stake in shares of Kinder Morgan by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company's stock valued at $472,464,000 after acquiring an additional 87,516 shares in the last quarter. Northern Trust Corp raised its stake in shares of Kinder Morgan by 3.0% in the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company's stock valued at $369,688,000 after acquiring an additional 639,467 shares in the last quarter. Invesco Ltd. raised its stake in shares of Kinder Morgan by 29.4% in the 3rd quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company's stock valued at $355,451,000 after acquiring an additional 4,870,444 shares in the last quarter. Morgan Stanley raised its stake in shares of Kinder Morgan by 4.1% in the 3rd quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company's stock valued at $338,234,000 after acquiring an additional 796,829 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in Kinder Morgan in the 3rd quarter worth approximately $99,908,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent analyst reports. Truist Financial reaffirmed a "hold" rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Hold" and a consensus price target of $20.20.

Insiders Place Their Bets

In other news, Director Michael C. Morgan sold 230,000 shares of the business's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 12.64% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.12 during trading on Friday, hitting $18.68. 9,415,524 shares of the stock were exchanged, 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 company has a market capitalization of $41.46 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 5.28 and a beta of 0.90. The company's fifty day simple moving average is $17.98 and its 200-day simple moving average is $17.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

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

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.