Charles Schwab Investment Management Inc. Sells 85,382 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Charles Schwab Investment Management Inc. reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,743,274 shares of the pipeline company’s stock after selling 85,382 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.38% of Kinder Morgan worth $678,781,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Kinder Morgan by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after buying an additional 257,658 shares during the period. Energy Income Partners LLC lifted its stake in shares of Kinder Morgan by 2.6% in the 1st quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock valued at $196,558,000 after purchasing an additional 272,648 shares during the period. Kayne Anderson Capital Advisors LP boosted its position in shares of Kinder Morgan by 0.7% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after purchasing an additional 69,307 shares during the last quarter. First Pacific Advisors LP increased its holdings in Kinder Morgan by 2.0% in the second quarter. First Pacific Advisors LP now owns 8,198,954 shares of the pipeline company’s stock valued at $162,913,000 after purchasing an additional 163,294 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Kinder Morgan by 20.6% during the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after buying an additional 1,328,082 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $28.57 on Friday. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.67. The stock has a 50 day moving average of $24.41 and a 200-day moving average of $21.73. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $63.46 billion, a P/E ratio of 25.06, a P/E/G ratio of 3.86 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.25 earnings per share. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.03%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insiders Place Their Bets

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a report on Friday, October 18th. Truist Financial increased their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Finally, UBS Group lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.36.

Kinder Morgan Company 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.