State of Alaska Department of Revenue Reduces Stake in Kinder Morgan, Inc. (NYSE:KMI)

State of Alaska Department of Revenue decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,357 shares of the pipeline company’s stock after selling 21,227 shares during the quarter. State of Alaska Department of Revenue’s holdings in Kinder Morgan were worth $6,037,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC boosted its holdings in shares of Kinder Morgan by 2.3% in the 4th quarter. Bleakley Financial Group LLC now owns 28,470 shares of the pipeline company’s stock valued at $780,000 after buying an additional 633 shares in the last quarter. LCM Capital Management Inc purchased a new stake in Kinder Morgan in the fourth quarter valued at $250,000. Tectonic Advisors LLC boosted its stake in Kinder Morgan by 41.9% in the fourth quarter. Tectonic Advisors LLC now owns 23,343 shares of the pipeline company’s stock valued at $640,000 after acquiring an additional 6,897 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Kinder Morgan by 36.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,732 shares of the pipeline company’s stock worth $4,479,000 after purchasing an additional 43,626 shares in the last quarter. Finally, Jackson Wealth Management LLC lifted its holdings in shares of Kinder Morgan by 2.4% in the 4th quarter. Jackson Wealth Management LLC now owns 122,229 shares of the pipeline company’s stock valued at $3,349,000 after purchasing an additional 2,829 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Mizuho increased their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group lifted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Truist Financial increased their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Price Performance

Shares of KMI opened at $27.07 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average is $27.92 and its two-hundred day moving average is $24.88. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The firm has a market capitalization of $60.13 billion, a PE ratio of 23.13, a P/E/G ratio of 3.12 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Research analysts anticipate that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 54,000 shares of company stock worth $1,493,100 over the last 90 days. Company insiders own 12.81% of the company’s stock.

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.