Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Aurora Investment Counsel

Aurora Investment Counsel cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 28.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,245 shares of the pipeline company's stock after selling 32,673 shares during the quarter. Kinder Morgan makes up 1.2% of Aurora Investment Counsel's investment portfolio, making the stock its 26th largest position. Aurora Investment Counsel's holdings in Kinder Morgan were worth $2,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock worth $101,422,000 after buying an additional 29,861 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after purchasing an additional 71,984 shares during the period. Golden State Equity Partners grew its holdings in Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after purchasing an additional 15,800 shares during the period. Barclays PLC grew its holdings in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the period. Finally, UMB Bank n.a. grew its holdings in Kinder Morgan by 116.1% in the fourth quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company's stock valued at $5,772,000 after purchasing an additional 113,173 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KMI. Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price for the company. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Truist Financial boosted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $29.64.

Kinder Morgan Stock Down 1.0 %

Shares of KMI stock traded down $0.28 on Tuesday, hitting $27.51. The stock had a trading volume of 12,056,410 shares, compared to its average volume of 13,218,492. The firm has a market capitalization of $61.13 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 3.08 and a beta of 0.94. The stock's 50 day moving average is $27.59 and its 200-day moving average is $25.98. 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 52-week low of $17.52 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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%. As a group, research analysts expect 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. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.18%. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the company'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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,490,996 over the last ninety days. Corporate insiders own 12.64% of the company's stock.

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.