Kornitzer Capital Management Inc. KS Has $72.50 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Kornitzer Capital Management Inc. KS lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,645,927 shares of the pipeline company's stock after selling 17,524 shares during the quarter. Kinder Morgan accounts for 1.4% of Kornitzer Capital Management Inc. KS's investment portfolio, making the stock its 8th biggest position. Kornitzer Capital Management Inc. KS owned 0.12% of Kinder Morgan worth $72,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of KMI. Kayne Anderson Capital Advisors LP boosted its stake in shares of Kinder Morgan by 0.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company's stock valued at $233,050,000 after purchasing an additional 69,307 shares during the period. Barclays PLC lifted its holdings in 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. Bank of Montreal Can boosted its position in Kinder Morgan by 2.2% in the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company's stock valued at $163,116,000 after buying an additional 164,152 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock valued at $101,422,000 after acquiring an additional 29,861 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Kinder Morgan by 30.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company's stock worth $88,534,000 after acquiring an additional 932,469 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

KMI has been the subject of a number of analyst reports. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. UBS Group increased their price objective 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, Barclays boosted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.14.

Kinder Morgan Stock Performance

KMI stock traded down $0.19 during midday trading on Friday, reaching $26.41. The company had a trading volume of 21,468,445 shares, compared to its average volume of 15,875,047. The firm has a market capitalization of $58.67 billion, a PE ratio of 22.57, a P/E/G ratio of 3.11 and a beta of 0.94. The stock has a 50 day moving average price of $27.77 and a 200 day moving average price of $25.30. Kinder Morgan, Inc. has a fifty-two week low of $17.02 and a fifty-two week high of $31.48. 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 (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared 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 of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.36%. Kinder Morgan's dividend payout ratio is currently 98.29%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company's stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,504,136 in the last quarter. Company insiders own 12.64% of the company's stock.

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.