Carrera Capital Advisors Sells 59,756 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Carrera Capital Advisors trimmed its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 79.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,534 shares of the pipeline company's stock after selling 59,756 shares during the period. Carrera Capital Advisors' holdings in Kinder Morgan were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC boosted its stake in Kinder Morgan by 9.6% in the third quarter. Gladstone Institutional Advisory LLC now owns 15,281 shares of the pipeline company's stock valued at $338,000 after acquiring an additional 1,337 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Kinder Morgan by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 25,849 shares of the pipeline company's stock valued at $571,000 after acquiring an additional 5,043 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Kinder Morgan by 1.1% in the third quarter. Janney Montgomery Scott LLC now owns 1,531,624 shares of the pipeline company's stock valued at $33,834,000 after acquiring an additional 17,343 shares during the last quarter. Van ECK Associates Corp boosted its stake in Kinder Morgan by 5.7% in the third quarter. Van ECK Associates Corp now owns 666,452 shares of the pipeline company's stock valued at $14,722,000 after acquiring an additional 36,112 shares during the last quarter. Finally, National Pension Service boosted its stake in Kinder Morgan by 15.8% in the third quarter. National Pension Service now owns 2,938,864 shares of the pipeline company's stock valued at $64,920,000 after acquiring an additional 400,397 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

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Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.17 during trading on Friday, reaching $26.14. The company had a trading volume of 12,812,560 shares, compared to its average volume of 15,583,383. The company has a fifty day moving average of $27.71 and a two-hundred day moving average of $25.68. The stock has a market capitalization of $58.09 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.45 and a 12 month 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 issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's payout ratio is 98.29%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the 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 transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,490,996 in the last quarter. Insiders own 12.64% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on KMI shares. Royal Bank of Canada upped their price target 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. Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday. UBS Group upped their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven equities 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 company's stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $29.64.

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.