Banco Bilbao Vizcaya Argentaria S.A. Cuts Position in Kinder Morgan, Inc. (NYSE:KMI)

Banco Bilbao Vizcaya Argentaria S.A. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,074 shares of the pipeline company's stock after selling 9,988 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Kinder Morgan were worth $15,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at $25,000. Hurley Capital LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at $29,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of KMI stock traded down $0.02 during trading hours on Friday, reaching $26.85. 9,264,214 shares of the company traded hands, compared to its average volume of 13,947,768. The firm has a 50-day moving average price of $26.94 and a 200 day moving average price of $27.04. The company has a market cap of $59.66 billion, a P/E ratio of 22.95, a P/E/G ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 12-month low of $18.13 and a 12-month high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. The ex-dividend date is Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.36%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Truist Financial lifted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now owns 843,652 shares of the company's stock, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. The trade was a 25.48 % 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 worth $3,506,116 over the last ninety days. Corporate insiders own 12.73% 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.