Aviva PLC Sells 316,006 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Aviva PLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 12.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,296,348 shares of the pipeline company's stock after selling 316,006 shares during the period. Aviva PLC owned about 0.10% of Kinder Morgan worth $62,920,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 703 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.4 %

Shares of Kinder Morgan stock traded down $0.10 during trading on Tuesday, reaching $25.27. The stock had a trading volume of 10,033,091 shares, compared to its average volume of 13,847,529. 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 company has a market capitalization of $56.16 billion, a price-to-earnings ratio of 21.73, a P/E/G 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 has a fifty day moving average price of $27.15 and a two-hundred day moving average price of $26.67.

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Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results 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 return on equity of 8.09% and a net margin of 17.31%. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.55%. Kinder Morgan's dividend payout ratio is 98.29%.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the company'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 of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company's stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 in the last quarter. Corporate insiders own 12.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMI. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Citigroup raised their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada upped their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $29.64.

Kinder Morgan 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.