Focus Financial Network Inc. ADV Makes New $1.36 Million Investment in Kinder Morgan, Inc. (NYSE:KMI)


Focus Financial Network Inc. ADV purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 77,274 shares of the pipeline company’s stock, valued at approximately $1,363,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KMI. Altshuler Shaham Ltd purchased a new stake in Kinder Morgan in the 4th quarter valued at approximately $26,000. Tucker Asset Management LLC acquired a new position in Kinder Morgan in the 3rd quarter valued at $25,000. Activest Wealth Management purchased a new position in shares of Kinder Morgan during the 4th quarter worth $30,000. Rakuten Securities Inc. acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $33,000. Finally, EdgeRock Capital LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’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 of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Michael C. Morgan sold 230,000 shares of the business’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 transaction of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KMI has been the subject of a number of research analyst reports. Truist Financial reaffirmed a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.20.

Read Our Latest Research Report on KMI

Kinder Morgan Stock Up 1.3 %

Shares of NYSE KMI traded up $0.25 during midday trading on Friday, reaching $19.25. 1,960,481 shares of the company’s stock were exchanged, compared to its average volume of 13,591,177. The stock has a market capitalization of $42.72 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 2.96 and a beta of 0.89. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $19.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The business’s fifty day moving average price is $18.68 and its two-hundred day moving average price is $17.86.

Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $3.84 billion during 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 business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 5.97%. Kinder Morgan’s payout ratio is presently 104.55%.

Kinder Morgan Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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