BI Asset Management Fondsmaeglerselskab A S Sells 29,949 Shares of Kinder Morgan, Inc. (NYSE:KMI)

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,108 shares of the pipeline company's stock after selling 29,949 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Kinder Morgan were worth $2,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KMI. Xponance Inc. increased its stake in shares of Kinder Morgan by 5.2% in the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after buying an additional 15,114 shares during the period. Principal Financial Group Inc. grew its stake in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after purchasing an additional 71,984 shares during the period. Golden State Equity Partners lifted its stake 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 buying an additional 15,800 shares during the period. Royal London Asset Management Ltd. grew its position in shares of Kinder Morgan by 2.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after buying an additional 44,474 shares during the period. Finally, Barclays PLC increased its stake in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

KMI stock traded down $0.11 during trading on Friday, reaching $26.77. 4,009,371 shares of the company were exchanged, compared to its average volume of 13,923,597. Kinder Morgan, Inc. has a twelve month low of $18.13 and a twelve 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. The company has a market capitalization of $59.47 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 3.08 and a beta of 0.72. The company has a 50-day moving average of $26.94 and a two-hundred day moving average of $26.99.

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

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.2925 dividend. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.37%. Kinder Morgan's dividend payout ratio is presently 100.86%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This represents a 25.48 % 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 $3,506,116 over the last quarter. Company insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent analyst reports. Scotiabank upped their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Royal Bank of Canada raised their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Mizuho upped their price target 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. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.64.

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.