Invesco Ltd. lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,155,924 shares of the pipeline company's stock after selling 2,511,474 shares during the period. Invesco Ltd. owned 1.09% of Kinder Morgan worth $661,872,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Trek Financial LLC boosted its stake in Kinder Morgan by 6.9% during the fourth quarter. Trek Financial LLC now owns 37,790 shares of the pipeline company's stock worth $1,035,000 after buying an additional 2,447 shares during the last quarter. FMR LLC raised its stake in Kinder Morgan by 19.0% during the fourth quarter. FMR LLC now owns 3,871,677 shares of the pipeline company's stock worth $106,084,000 after purchasing an additional 618,290 shares during the period. Federated Hermes Inc. grew its stake in shares of Kinder Morgan by 8.9% in the 4th quarter. Federated Hermes Inc. now owns 19,054 shares of the pipeline company's stock valued at $522,000 after buying an additional 1,553 shares during the period. Unigestion Holding SA lifted its holdings in Kinder Morgan by 22.3% in the fourth quarter. Unigestion Holding SA now owns 93,364 shares of the pipeline company's stock valued at $2,558,000 after acquiring an additional 16,993 shares during the last quarter. Finally, Peapack Gladstone Financial Corp raised its position in Kinder Morgan by 0.4% in the fourth quarter. Peapack Gladstone Financial Corp now owns 181,045 shares of the pipeline company's stock valued at $4,960,000 after purchasing an additional 773 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.
Kinder Morgan Stock Performance
Shares of NYSE:KMI traded up $0.64 on Friday, reaching $26.43. The company's stock had a trading volume of 15,768,232 shares, compared to its average volume of 13,987,237. The stock has a market capitalization of $58.73 billion, a P/E ratio of 22.59, a PEG 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 stock's 50-day moving average is $26.95 and its two-hundred day moving average is $26.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.
Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data 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 net margin of 17.31% and a return on equity of 8.09%. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.
Kinder Morgan Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is presently 98.29%.
Insiders Place Their Bets
In related news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,461 shares of company stock worth $3,506,116. Corporate insiders own 12.64% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on KMI shares. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price objective on the stock. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.
View Our Latest Report on KMI
About Kinder Morgan
(
Free Report)
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.
See Also
Before you consider Kinder Morgan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinder Morgan wasn't on the list.
While Kinder Morgan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
