Canada Pension Plan Investment Board Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Canada Pension Plan Investment Board boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 400.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,159 shares of the pipeline company's stock after purchasing an additional 177,805 shares during the period. Canada Pension Plan Investment Board's holdings in Kinder Morgan were worth $6,087,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KMI. Capital Square LLC increased its position in shares of Kinder Morgan by 28.0% during the 4th quarter. Capital Square LLC now owns 13,730 shares of the pipeline company's stock worth $416,000 after purchasing an additional 3,000 shares during the last quarter. Altshuler Shaham Ltd increased its position in shares of Kinder Morgan by 1,065.3% during the fourth quarter. Altshuler Shaham Ltd now owns 11,665 shares of the pipeline company's stock valued at $320,000 after acquiring an additional 10,664 shares during the last quarter. MSH Capital Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $2,504,000. NewEdge Advisors LLC lifted its holdings in shares of Kinder Morgan by 3.2% in the 4th quarter. NewEdge Advisors LLC now owns 303,401 shares of the pipeline company's stock worth $8,313,000 after acquiring an additional 9,475 shares during the last quarter. Finally, Resurgent Financial Advisors LLC boosted its position in shares of Kinder Morgan by 48.3% during the 4th quarter. Resurgent Financial Advisors LLC now owns 25,982 shares of the pipeline company's stock worth $712,000 after purchasing an additional 8,460 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on KMI shares. Royal Bank of Canada upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Scotiabank raised their price objective 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. Finally, Mizuho upped their target price 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. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Kinder Morgan Stock Performance

KMI traded up $0.05 on Wednesday, reaching $26.65. The company had a trading volume of 19,539,838 shares, compared to its average volume of 13,964,131. The stock has a 50-day moving average price of $26.94 and a 200-day moving average price of $26.97. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1 year low of $18.13 and a 1 year high of $31.48. The stock has a market capitalization of $59.22 billion, a PE ratio of 22.78, a P/E/G ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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. The business had revenue of $4.24 billion for 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, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.39%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is presently 100.86%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business'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 owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the transaction, the president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 over the last 90 days. 12.73% of the stock is currently owned by insiders.

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.