Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 524,553 shares of the pipeline company’s stock after selling 6,470 shares during the quarter. Blair William & Co. IL’s holdings in Kinder Morgan were worth $14,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Townsquare Capital LLC boosted its position in shares of Kinder Morgan by 33.4% during the 3rd quarter. Townsquare Capital LLC now owns 66,248 shares of the pipeline company’s stock valued at $1,463,000 after acquiring an additional 16,604 shares during the last quarter. Freedom Investment Management Inc. acquired a new position in Kinder Morgan in the 3rd quarter valued at about $207,000. Glenmede Trust Co. NA grew its stake in shares of Kinder Morgan by 6.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 582,196 shares of the pipeline company’s stock valued at $12,861,000 after buying an additional 32,916 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $10,183,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kinder Morgan by 68.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,746,558 shares of the pipeline company’s stock valued at $38,581,000 after buying an additional 710,840 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $28.39 on Friday. The business’s 50-day moving average is $27.48 and its two-hundred day moving average is $26.34. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The firm has a market capitalization of $63.07 billion, a P/E ratio of 24.26, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued 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%. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred 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 approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were 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 of the company’s stock, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,490,996 in the last ninety days. Insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

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.