First Horizon Advisors Inc. Has $317,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

First Horizon Advisors Inc. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 13.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,558 shares of the pipeline company’s stock after selling 1,740 shares during the period. First Horizon Advisors Inc.’s holdings in Kinder Morgan were worth $317,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMI. Barclays PLC grew its position in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Kinder Morgan by 847.4% during the fourth quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock worth $40,420,000 after purchasing an additional 1,319,474 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Kinder Morgan by 295.2% in the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after buying an additional 1,257,428 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kinder Morgan by 68.6% in 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 last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $26.09 on Wednesday. The stock has a market capitalization of $57.96 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $17.02 and a 52-week high of $31.48. 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 50 day moving average price is $27.76 and its two-hundred day moving average price is $25.44.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction that occurred 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 $5,881,148.65. This 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 available through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,461 shares of company stock valued at $3,504,136. 12.64% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KMI shares. The Goldman Sachs Group boosted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho boosted their price objective 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. 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 report on Thursday, January 23rd. Morgan Stanley upped their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, UBS Group increased their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

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.