Cerity Partners LLC Decreases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Cerity Partners LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 764,512 shares of the pipeline company's stock after selling 13,962 shares during the period. Cerity Partners LLC's holdings in Kinder Morgan were worth $20,579,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. iA Global Asset Management Inc. bought a new stake in Kinder Morgan during the 3rd quarter valued at $583,000. Orion Portfolio Solutions LLC raised its stake in shares of Kinder Morgan by 5.1% during the third quarter. Orion Portfolio Solutions LLC now owns 161,724 shares of the pipeline company's stock valued at $3,572,000 after acquiring an additional 7,806 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Kinder Morgan by 5.5% during the third quarter. MML Investors Services LLC now owns 430,690 shares of the pipeline company's stock worth $9,514,000 after purchasing an additional 22,361 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Kinder Morgan by 7.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 629,421 shares of the pipeline company's stock worth $13,904,000 after purchasing an additional 41,018 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Kinder Morgan by 17.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 867,061 shares of the pipeline company's stock valued at $19,153,000 after purchasing an additional 127,743 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now owns 807,652 shares in the company, valued at $23,219,995. The trade was a 2.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction dated 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 sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock worth $3,506,116. 12.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price for the company. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Kinder Morgan Stock Performance

KMI traded up $0.38 during mid-day trading on Monday, reaching $26.85. 2,533,225 shares of the company traded hands, compared to its average volume of 13,943,051. The stock has a market capitalization 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 52-week low of $17.61 and a 52-week high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company's fifty day moving average price is $26.95 and its 200-day moving average price is $26.80.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.28%. Kinder Morgan's payout ratio is 98.29%.

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.