Motley Fool Asset Management LLC Acquires 11,834 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Motley Fool Asset Management LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,160 shares of the pipeline company's stock after buying an additional 11,834 shares during the quarter. Motley Fool Asset Management LLC's holdings in Kinder Morgan were worth $2,772,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of Kinder Morgan by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,308,481 shares of the pipeline company's stock worth $28,887,000 after purchasing an additional 14,461 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Kinder Morgan by 102.0% during the third quarter. Janus Henderson Group PLC now owns 494,385 shares of the pipeline company's stock valued at $10,923,000 after acquiring an additional 249,640 shares during the period. Investment Management Corp of Ontario boosted its stake in Kinder Morgan by 49.0% in the 3rd quarter. Investment Management Corp of Ontario now owns 66,258 shares of the pipeline company's stock worth $1,464,000 after purchasing an additional 21,800 shares during the period. Integrated Wealth Concepts LLC raised its stake in Kinder Morgan by 5.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 66,939 shares of the pipeline company's stock valued at $1,479,000 after purchasing an additional 3,471 shares during the period. Finally, IHT Wealth Management LLC boosted its position in shares of Kinder Morgan by 35.9% in the third quarter. IHT Wealth Management LLC now owns 51,572 shares of the pipeline company's stock worth $1,154,000 after buying an additional 13,615 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

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Kinder Morgan Stock Down 1.3 %

Shares of NYSE:KMI traded down $0.32 during mid-day trading on Monday, reaching $24.97. 9,893,879 shares of the stock were exchanged, compared to its average volume of 13,807,799. Kinder Morgan, Inc. has a one year low of $17.61 and a one year 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. The stock's 50 day simple moving average is $27.20 and its 200-day simple moving average is $26.65. The company has a market cap of $55.48 billion, a P/E ratio of 21.31, a P/E/G ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.61%. Kinder Morgan's dividend payout ratio is presently 98.29%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KMI shares. Citigroup increased their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Barclays upgraded shares of 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. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction 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 transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock valued at $3,506,116. 12.64% of the stock is currently owned by corporate insiders.

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.