OV Management LLC Has $172,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

OV Management LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 91.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,266 shares of the pipeline company’s stock after selling 71,434 shares during the quarter. OV Management LLC’s holdings in Kinder Morgan were worth $172,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Xponance Inc. lifted its stake in shares of Kinder Morgan by 5.2% in the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock worth $8,303,000 after acquiring an additional 15,114 shares during the period. Principal Financial Group Inc. lifted its position in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares during the period. Golden State Equity Partners lifted its position in shares of Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 15,800 shares during the period. Royal London Asset Management Ltd. increased its position in shares of Kinder Morgan by 2.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock worth $62,062,000 after buying an additional 44,474 shares during the period. Finally, Barclays PLC raised its stake in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other 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 value of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,490,996 over the last ninety days. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.7 %

Kinder Morgan stock opened at $28.56 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average price is $27.44 and its two-hundred day moving average price is $26.47. The firm has a market capitalization of $63.46 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth 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 released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid 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 4.03%. Kinder Morgan’s payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

A number of analysts have commented on KMI shares. UBS Group upped their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

About Kinder Morgan

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.