Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by PFG Advisors

Posted by Defense World Staff on Jul 8th, 2023

PFG Advisors lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 25.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,408 shares of the pipeline company’s stock after acquiring an additional 5,111 shares during the period. PFG Advisors’ holdings in Kinder Morgan were worth $445,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KMI. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $25,000. VitalStone Financial LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $26,000. Freedom Wealth Alliance LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $27,000. US Asset Management LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $33,000. Finally, MADDEN SECURITIES Corp purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 61.03% of the company’s stock.

Kinder Morgan Trading Up 0.3 %

NYSE KMI opened at $16.92 on Friday. Kinder Morgan, Inc. has a 12 month low of $16.00 and a 12 month high of $19.35. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.56 and a quick ratio of 0.44. The company has a market capitalization of $37.91 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 5.21 and a beta of 0.95. The company’s fifty day moving average price is $16.75 and its two-hundred day moving average price is $17.42.

Kinder Morgan (NYSE:KMI – Free Report) last posted its quarterly earnings results on Wednesday, April 19th. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Kinder Morgan had a net margin of 13.62% and a return on equity of 8.06%. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same period last year, the firm posted $0.32 EPS. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.09 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 1st were given a $0.2825 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Friday, April 28th. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

KMI has been the subject of several analyst reports. Barclays decreased their target price on shares of Kinder Morgan from $21.00 to $20.00 in a research note on Tuesday, April 18th. StockNews.com initiated coverage on shares of Kinder Morgan in a research note on Thursday, May 18th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.56.

Kinder Morgan Profile

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.