Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Increased by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 62.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 417,557 shares of the pipeline company's stock after buying an additional 161,109 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Kinder Morgan were worth $7,366,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in Kinder Morgan by 4.5% during the third quarter. Assetmark Inc. now owns 18,558 shares of the pipeline company's stock worth $308,000 after acquiring an additional 794 shares during the period. Fifth Third Bancorp grew its stake in shares of Kinder Morgan by 8.8% during the 3rd quarter. Fifth Third Bancorp now owns 88,210 shares of the pipeline company's stock worth $1,463,000 after purchasing an additional 7,126 shares during the period. Jennison Associates LLC increased its holdings in shares of Kinder Morgan by 1.9% in the 3rd quarter. Jennison Associates LLC now owns 322,691 shares of the pipeline company's stock valued at $5,350,000 after purchasing an additional 6,053 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Kinder Morgan by 1.0% in the third quarter. Orion Portfolio Solutions LLC now owns 135,730 shares of the pipeline company's stock valued at $2,250,000 after purchasing an additional 1,317 shares during the period. Finally, New Mexico Educational Retirement Board boosted its holdings in Kinder Morgan by 6.8% during the third quarter. New Mexico Educational Retirement Board now owns 102,580 shares of the pipeline company's stock worth $1,701,000 after buying an additional 6,500 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KMI. StockNews.com downgraded shares of Kinder Morgan from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Truist Financial reaffirmed a "hold" rating and set a $20.00 price objective (down 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 given a buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan has an average rating of "Hold" and a consensus price target of $20.20.

Insiders Place Their Bets

In other Kinder Morgan 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 transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company's stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded up $0.11 on Friday, hitting $19.71. The company had a trading volume of 12,152,611 shares, compared to its average volume of 13,973,726. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The company has a market cap of $43.74 billion, a PE ratio of 17.92, a PEG ratio of 5.45 and a beta of 0.89. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $19.79. The business has a 50 day moving average of $18.43 and a 200 day moving average of $17.69.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 net margin of 16.08% and a return on equity of 7.85%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 5.83%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.28. Kinder Morgan's dividend payout ratio (DPR) is 104.55%.

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.