Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 620,754 shares of the pipeline company's stock after acquiring an additional 48,792 shares during the quarter. Great Lakes Advisors LLC's holdings in Kinder Morgan were worth $17,009,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in Kinder Morgan by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company's stock valued at $376,332,000 after purchasing an additional 1,093,242 shares in the last quarter. Amundi raised its holdings in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after acquiring an additional 2,650,040 shares during the period. Kayne Anderson Capital Advisors LP raised its holdings in shares of Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company's stock worth $233,050,000 after acquiring an additional 69,307 shares during the period. Barclays PLC raised its holdings 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 worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company's stock worth $163,116,000 after acquiring an additional 164,152 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

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Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the company'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the company's 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 sale, the president now owns 843,652 shares of the company's stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Truist Financial lifted their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. UBS Group boosted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Scotiabank initiated coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Stock Up 2.1 %

KMI stock traded up $0.57 during trading on Friday, hitting $27.11. 8,632,338 shares of the company's stock were exchanged, compared to its average volume of 13,237,221. The business has a 50-day moving average price of $27.60 and a two-hundred day moving average price of $25.90. The stock has a market capitalization of $60.23 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $17.52 and a 52-week high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

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 the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is currently 98.29%.

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.