Arbor Capital Management Inc. ADV Reduces Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Arbor Capital Management Inc. ADV lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 76,519 shares of the pipeline company's stock after selling 17,759 shares during the period. Kinder Morgan accounts for about 2.1% of Arbor Capital Management Inc. ADV's portfolio, making the stock its 9th largest position. Arbor Capital Management Inc. ADV's holdings in Kinder Morgan were worth $2,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CX Institutional increased its position in Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after acquiring an additional 354 shares in the last quarter. Sunflower Bank N.A. increased its holdings in shares of Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock valued at $288,000 after purchasing an additional 367 shares in the last quarter. Ignite Planners LLC raised its position in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after purchasing an additional 372 shares during the last quarter. Eagle Bay Advisors LLC lifted its holdings in Kinder Morgan by 8.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock worth $142,000 after buying an additional 385 shares in the last quarter. Finally, Bristlecone Advisors LLC boosted its position in Kinder Morgan by 2.6% in the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after buying an additional 400 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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Kinder Morgan Stock Up 0.8 %

Shares of KMI traded up $0.23 on Thursday, hitting $28.08. The company's stock had a trading volume of 8,205,048 shares, compared to its average volume of 13,151,515. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $62.38 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 3.08 and a beta of 0.94. The firm's fifty day moving average price is $27.58 and its 200-day moving average price is $26.04. Kinder Morgan, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. On average, 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. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.10%. Kinder Morgan's dividend payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Truist Financial upped their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted 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. The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Seven equities research 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares of the company's stock, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were 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. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by corporate insiders.

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.