Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 31.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,720 shares of the pipeline company's stock after acquiring an additional 28,522 shares during the period. NEOS Investment Management LLC's holdings in Kinder Morgan were worth $3,253,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the 4th quarter worth $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $29,000. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after acquiring an additional 703 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.10 during midday trading on Tuesday, reaching $28.63. 8,687,066 shares of the stock traded hands, compared to its average volume of 13,710,425. The firm has a fifty day moving average price of $27.39 and a two-hundred day moving average price of $26.52. Kinder Morgan, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48. The firm has a market cap of $63.60 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

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Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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 return on equity of 8.09% and a net margin of 17.31%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio is currently 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the topic of several analyst reports. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. UBS Group upped their target price 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. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Finally, Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 75,461 shares of the company'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 directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred 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 transaction, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,490,996 over the last 90 days. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Profile

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.