MML Investors Services LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 447,405 shares of the pipeline company's stock after purchasing an additional 16,715 shares during the quarter. MML Investors Services LLC's holdings in Kinder Morgan were worth $12,259,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of KMI. Barclays PLC increased its stake in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after buying an additional 2,334,273 shares during the last quarter. World Investment Advisors LLC bought a new stake in Kinder Morgan during the third quarter worth about $826,000. Wilmington Savings Fund Society FSB acquired a new position in Kinder Morgan during the third quarter valued at approximately $386,000. Blankinship & Foster LLC grew its stake in Kinder Morgan by 128.4% in the third quarter. Blankinship & Foster LLC now owns 46,900 shares of the pipeline company's stock valued at $1,036,000 after purchasing an additional 26,363 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of Kinder Morgan by 1.7% during the 3rd quarter. Synovus Financial Corp now owns 103,618 shares of the pipeline company's stock worth $2,289,000 after purchasing an additional 1,769 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on KMI shares. Truist Financial raised their target price 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. boosted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. Scotiabank lifted their price target on Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday. UBS Group boosted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $29.64.
Get Our Latest Research Report on Kinder Morgan
Kinder Morgan Stock Down 0.1 %
Kinder Morgan stock traded down $0.02 during midday trading on Friday, hitting $26.85. 9,264,214 shares of the stock were exchanged, compared to its average volume of 13,943,635. 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 stock has a market capitalization of $59.66 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 52-week low of $18.13 and a 52-week high of $31.48. The business's 50-day moving average price is $26.94 and its 200-day moving average price is $26.99.
Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.
Kinder Morgan Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.36%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's dividend payout ratio is 100.86%.
Insider Activity at Kinder Morgan
In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 of the company's stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company's stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,506,116 over the last three months. 12.73% of the stock is owned by corporate insiders.
About Kinder Morgan
(
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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