Allspring Global Investments Holdings LLC Buys 191,907 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Allspring Global Investments Holdings LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 191.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 292,293 shares of the pipeline company's stock after acquiring an additional 191,907 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Kinder Morgan were worth $8,216,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KMI. Creative Planning raised its holdings in Kinder Morgan by 5.2% in the 3rd quarter. Creative Planning now owns 412,376 shares of the pipeline company's stock valued at $9,109,000 after acquiring an additional 20,468 shares during the period. nVerses Capital LLC bought a new position in Kinder Morgan in the 3rd quarter valued at about $75,000. Global Retirement Partners LLC grew its position in shares of Kinder Morgan by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock worth $504,000 after purchasing an additional 776 shares in the last quarter. Blue Trust Inc. grew its position in shares of Kinder Morgan by 47.0% during the 3rd quarter. Blue Trust Inc. now owns 24,818 shares of the pipeline company's stock worth $548,000 after purchasing an additional 7,932 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. 62.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial increased 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. Barclays lifted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday, January 16th. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective 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, UBS Group lifted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.14.

Kinder Morgan Trading Down 0.7 %

Shares of NYSE:KMI traded down $0.19 during mid-day trading on Friday, reaching $26.41. 21,468,294 shares of the company's stock were exchanged, compared to its average volume of 15,868,100. The firm has a market capitalization of $58.67 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 3.11 and a beta of 0.94. The business's fifty day moving average price is $27.78 and its 200-day moving average price is $25.26. 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 twelve month low of $17.02 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts' consensus estimates 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, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction 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 $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,461 shares of company stock worth $3,504,136. Company insiders own 12.64% of the company's stock.

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.