Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 13,656 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,224,495 shares of the pipeline company's stock after selling 13,656 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.15% of Kinder Morgan worth $88,351,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $157,804,000. Amundi raised its holdings in shares of Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after acquiring an additional 2,650,040 shares in the last quarter. Barclays PLC boosted its position in shares of Kinder Morgan by 39.9% during 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. Fisher Funds Management LTD purchased a new position in shares of Kinder Morgan during the fourth quarter worth about $62,534,000. Finally, National Bank of Canada FI raised its stake in Kinder Morgan by 295.5% in the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock valued at $64,879,000 after purchasing an additional 2,194,489 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction dated 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 completion of the sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,490,996 over the last quarter. 12.64% of the stock is owned by company insiders.

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Analysts Set New Price Targets

KMI has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group upped their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Truist Financial increased their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada boosted their target price 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. 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.64.

Kinder Morgan Trading Up 3.0 %

KMI traded up $0.83 during trading on Monday, hitting $28.76. 12,507,107 shares of the stock traded hands, compared to its average volume of 13,179,245. The firm has a market capitalization of $63.91 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.61 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. The firm has a 50-day moving average of $27.57 and a 200 day moving average of $26.21.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.00%. Kinder Morgan's dividend payout ratio (DPR) is presently 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.