Vectors Research Management LLC Sells 132,272 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Vectors Research Management LLC reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 95.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,775 shares of the pipeline company’s stock after selling 132,272 shares during the quarter. Vectors Research Management LLC’s holdings in Kinder Morgan were worth $120,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of KMI. Norges Bank bought a new stake in shares of Kinder Morgan in the fourth quarter valued at $409,063,000. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the third quarter valued at $99,908,000. Invesco Ltd. raised its stake in shares of Kinder Morgan by 29.4% in the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after buying an additional 4,870,444 shares during the period. Bank of Nova Scotia raised its stake in shares of Kinder Morgan by 2,463.8% during the 3rd quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock valued at $73,678,000 after purchasing an additional 4,270,461 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in shares of Kinder Morgan by 1,121.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company’s stock valued at $65,750,000 after purchasing an additional 3,640,939 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on KMI. Truist Financial reiterated a “hold” rating and set a $20.00 price objective (down 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.20.

Insider Transactions at Kinder Morgan

In other news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock traded up $0.49 during midday trading on Friday, hitting $19.49. 19,745,179 shares of the company’s stock were exchanged, compared to its average volume of 10,607,031. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $19.93. The stock has a 50-day moving average price of $18.71 and a two-hundred day moving average price of $17.88. 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 company has a market cap of $43.26 billion, a P/E ratio of 17.72, a PEG ratio of 2.98 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.2875 dividend. 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 dividend yield of 5.90%. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 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.