Mutual of America Capital Management LLC Sells 12,485 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Mutual of America Capital Management LLC reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 258,767 shares of the pipeline company’s stock after selling 12,485 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kinder Morgan were worth $4,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Tucker Asset Management LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter worth $25,000. Hartford Financial Management Inc. acquired a new stake in shares of Kinder Morgan during the third quarter valued at about $26,000. First Capital Advisors Group LLC. acquired a new stake in shares of Kinder Morgan during the second quarter valued at about $29,000. Activest Wealth Management acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan during the third quarter valued at about $33,000. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.20.

Kinder Morgan Price Performance

Shares of KMI opened at $17.98 on Tuesday. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. The company has a market capitalization of $39.89 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 5.08 and a beta of 0.90. The business has a 50-day moving average of $17.66 and a 200-day moving average of $17.35.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the business earned $0.31 earnings per share. Kinder Morgan’s revenue was down 11.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a $0.2825 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.29%. Kinder Morgan’s payout ratio is currently 105.61%.

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.