Cary Street Partners Investment Advisory LLC Has $245,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Cary Street Partners Investment Advisory LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 87.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,874 shares of the pipeline company's stock after selling 96,199 shares during the period. Cary Street Partners Investment Advisory LLC's holdings in Kinder Morgan were worth $245,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC grew its holdings in shares of Kinder Morgan by 11.3% during the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company's stock valued at $8,843,000 after purchasing an additional 54,184 shares during the last quarter. Virginia Wealth Management Group Inc. increased its position in Kinder Morgan by 1.6% in the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company's stock worth $3,337,000 after buying an additional 3,085 shares during the period. Bahl & Gaynor Inc. lifted its stake in Kinder Morgan by 69.2% in the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company's stock valued at $65,577,000 after buying an additional 1,617,250 shares during the last quarter. Teza Capital Management LLC boosted its holdings in shares of Kinder Morgan by 190.9% during the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company's stock valued at $8,742,000 after acquiring an additional 346,000 shares during the period. Finally, Rheos Capital Works Inc. grew its position in shares of Kinder Morgan by 285.7% during the fourth quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company's stock worth $19,051,000 after acquiring an additional 800,000 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling

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

Kinder Morgan Trading Up 1.3 %

Shares of Kinder Morgan stock traded up $0.23 during trading on Thursday, hitting $18.46. The stock had a trading volume of 14,689,242 shares, compared to its average volume of 14,272,270. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $40.97 billion, a PE ratio of 16.78, a P/E/G ratio of 5.15 and a beta of 0.89. The stock has a 50 day simple moving average of $18.07 and a 200 day simple moving average of $17.51.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analysts' expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan's revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. On average, research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.23%. This is a positive change 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 104.55%.

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.