Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 42.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,176 shares of the pipeline company's stock after selling 108,920 shares during the quarter. Morningstar Investment Management LLC's holdings in Kinder Morgan were worth $4,033,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kayne Anderson Capital Advisors LP raised its holdings in 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 acquiring an additional 69,307 shares in the last quarter. Barclays PLC raised its holdings 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 valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company's stock worth $163,116,000 after purchasing 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 worth $101,422,000 after purchasing an additional 29,861 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Kinder Morgan by 30.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company's stock valued at $88,534,000 after buying an additional 932,469 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

KMI traded down $0.19 during trading on Friday, hitting $26.41. The stock had a trading volume of 11,108,745 shares, compared to its average volume of 15,532,171. Kinder Morgan, Inc. has a twelve month low of $17.02 and a twelve month high of $31.48. The firm has a market capitalization of $58.67 billion, a P/E ratio of 22.57, a PEG ratio of 3.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company's 50-day moving average price is $27.78 and its 200 day moving average price is $25.26.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders 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 yield of 4.36%. Kinder Morgan's payout ratio is currently 98.29%.

Insider Activity

In other news, 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 transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 129,461 shares of company stock worth $3,504,136. Company insiders own 12.64% of the company's stock.

Wall Street Analyst Weigh In

KMI has been the subject of a number of recent analyst reports. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target for the company. Wells Fargo & Company upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Morgan Stanley upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Citigroup lifted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.14.

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.