Cohen & Steers Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 84.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 909,606 shares of the pipeline company's stock after buying an additional 416,269 shares during the period. Cohen & Steers Inc.'s holdings in Kinder Morgan were worth $24,923,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares during the period. Geode Capital Management LLC raised its position in Kinder Morgan by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after acquiring an additional 1,252,609 shares in the last quarter. Norges Bank acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $917,523,000. Bank of New York Mellon Corp boosted its position 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 worth $376,332,000 after purchasing an additional 1,093,242 shares in the last quarter. Finally, Amundi grew its stake 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 purchasing an additional 2,650,040 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on KMI shares. Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Citigroup upped their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Finally, UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.64.
Read Our Latest Stock Report on Kinder Morgan
Insider Activity
In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on 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 transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now directly owns 807,652 shares of the company's stock, valued at approximately $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 129,461 shares of company stock valued at $3,506,116. Insiders own 12.73% of the company's stock.
Kinder Morgan Trading Up 0.5 %
Kinder Morgan stock traded up $0.14 during trading on Friday, hitting $27.09. The company had a trading volume of 22,873,718 shares, compared to its average volume of 13,960,329. The company's 50 day simple moving average is $26.94 and its 200-day simple moving average is $26.91. Kinder Morgan, Inc. has a 1-year low of $18.13 and a 1-year 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. The stock has a market cap of $60.19 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72.
Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.
Kinder Morgan Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.32%. Kinder Morgan's dividend payout ratio is presently 99.14%.
Kinder Morgan Company Profile
(
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.
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