Waterloo Capital L.P. decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,348 shares of the pipeline company's stock after selling 10,809 shares during the period. Waterloo Capital L.P.'s holdings in Kinder Morgan were worth $3,215,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Xponance Inc. lifted its position in shares of Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock valued at $8,303,000 after acquiring an additional 15,114 shares during the period. Principal Financial Group Inc. raised its holdings in Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Golden State Equity Partners boosted its position in Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock worth $450,000 after purchasing an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after buying an additional 44,474 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after buying an additional 2,334,273 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.
Kinder Morgan Stock Down 0.8 %
Shares of KMI traded down $0.20 during mid-day trading on Tuesday, reaching $25.17. 10,512,339 shares of the stock traded hands, compared to its average volume of 13,850,650. The firm has a market cap of $55.92 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 3.08 and a beta of 0.72. The stock has a fifty day simple moving average of $27.15 and a 200 day simple moving average of $26.67. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48.
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 (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%. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.
Kinder Morgan Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.57%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's payout ratio is currently 98.29%.
Analyst Ratings Changes
KMI has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial raised their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, UBS Group raised their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.
Read Our Latest Stock Analysis on KMI
Insider Activity at Kinder Morgan
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 transaction of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares of the company's stock, valued at $23,369,160.40. The trade was 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 valued at $3,506,116. Corporate insiders own 12.64% of the company's stock.
Kinder Morgan 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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