Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,265,044 shares of the pipeline company’s stock after purchasing an additional 44,474 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.10% of Kinder Morgan worth $62,062,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $25,000. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth about $29,000. Finally, SRS Capital Advisors Inc. raised its stake in Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares in the company, valued at $21,970,599.72. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,461 shares of company stock valued at $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KMI. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. UBS Group boosted their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan Trading Up 0.8 %

NYSE KMI opened at $28.08 on Friday. The firm has a market capitalization of $62.38 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The company’s 50 day moving average price is $27.58 and its 200 day moving average price is $26.05.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.10%. Kinder Morgan’s payout ratio is currently 98.29%.

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.