Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by TCW Group Inc.

TCW Group Inc. boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,506 shares of the pipeline company’s stock after purchasing an additional 704 shares during the period. TCW Group Inc.’s holdings in Kinder Morgan were worth $6,891,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. CX Institutional increased its position in shares of Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after acquiring an additional 354 shares during the last quarter. Sunflower Bank N.A. increased its holdings in Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after purchasing an additional 367 shares during the last quarter. Ignite Planners LLC boosted its stake in shares of Kinder Morgan by 3.9% during the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after buying an additional 372 shares during the last quarter. Eagle Bay Advisors LLC boosted its stake in shares of Kinder Morgan by 8.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after buying an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC grew its position in shares of Kinder Morgan by 2.6% during the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock worth $433,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,504,136 in the last three months. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

KMI stock opened at $26.41 on Monday. Kinder Morgan, Inc. has a 1 year low of $17.02 and a 1 year high of $31.48. The stock has a market capitalization of $58.67 billion, a price-to-earnings ratio of 22.57, 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. The stock’s fifty day moving average is $27.77 and its two-hundred day moving average is $25.36.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KMI shares. The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Mizuho lifted their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Barclays lifted their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.14.

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.