Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,804 shares of the pipeline company's stock after selling 70,220 shares during the period. Crossmark Global Holdings Inc.'s holdings in Kinder Morgan were worth $3,036,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the third quarter valued at approximately $28,000. HWG Holdings LP purchased a new stake in Kinder Morgan in the second quarter valued at approximately $30,000. Finally, Planning Capital Management Corp lifted its stake in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock valued at $30,000 after buying an additional 797 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 0.9 %

KMI stock traded down $0.28 during trading on Thursday, reaching $30.50. 22,000,448 shares of the stock traded hands, compared to its average volume of 15,153,539. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48. The firm has a market capitalization of $67.77 billion, a PE ratio of 26.76, a P/E/G ratio of 4.18 and a beta of 0.94. The business's 50 day moving average price is $27.90 and its 200-day moving average price is $24.32.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 3.77%. Kinder Morgan's dividend payout ratio (DPR) is 100.88%.

Insider Buying and Selling

In other news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now directly owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,121 shares of company stock worth $1,497,000. Corporate insiders own 12.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. 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 research report on Thursday. Barclays raised their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, 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. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.92.

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.