Benjamin F. Edwards & Company Inc. Buys 43,056 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 43.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 141,248 shares of the pipeline company's stock after purchasing an additional 43,056 shares during the period. Benjamin F. Edwards & Company Inc.'s holdings in Kinder Morgan were worth $2,492,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in KMI. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan during the third quarter valued at approximately $99,908,000. Invesco Ltd. grew its holdings in Kinder Morgan by 29.4% in the 3rd quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company's stock worth $355,451,000 after acquiring an additional 4,870,444 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Kinder Morgan by 2,463.8% in the third quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company's stock valued at $73,678,000 after acquiring an additional 4,270,461 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Kinder Morgan by 1,121.4% during the third quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company's stock valued at $65,750,000 after acquiring an additional 3,640,939 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in shares of Kinder Morgan by 68.6% during the third quarter. Kayne Anderson Capital Advisors LP now owns 5,696,090 shares of the pipeline company's stock worth $94,441,000 after purchasing an additional 2,317,197 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Up 0.6 %

Kinder Morgan stock traded up $0.11 during trading hours on Friday, hitting $18.57. 12,409,404 shares of the stock traded hands, compared to its average volume of 14,362,760. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The company has a market cap of $41.21 billion, a PE ratio of 16.88, a PEG ratio of 5.23 and a beta of 0.89. The firm's 50-day moving average price is $18.10 and its two-hundred day moving average price is $17.53. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company 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%. The firm's revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This is a boost from Kinder Morgan's previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date is Monday, April 29th. Kinder Morgan's dividend payout ratio (DPR) is 104.55%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research analyst reports. StockNews.com downgraded Kinder Morgan from a "buy" rating to a "hold" rating in a report on Friday, March 1st. Truist Financial restated a "hold" rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $20.20.

Insider Buying and Selling

In related news, Director Michael C. Morgan sold 230,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.64% of the stock is currently owned by insiders.

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.