Nordea Investment Management AB Reduces Stake in Kinder Morgan, Inc. (NYSE:KMI)

Nordea Investment Management AB cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 76.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,079 shares of the pipeline company's stock after selling 446,173 shares during the quarter. Nordea Investment Management AB's holdings in Kinder Morgan were worth $3,827,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KMI. Dimensional Fund Advisors LP increased its stake in shares of Kinder Morgan by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company's stock valued at $335,891,000 after acquiring an additional 257,658 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its stake 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 purchasing an additional 69,307 shares in the last quarter. Barclays PLC raised its holdings in shares of Kinder Morgan by 39.9% during the third 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 during the period. Marshall Wace LLP boosted its position in shares of Kinder Morgan by 20.6% during the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company's stock worth $154,409,000 after purchasing an additional 1,328,082 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of 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 period. Institutional investors own 62.52% of the company's stock.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated 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 sale, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company's stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 over the last ninety days. 12.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

KMI has been the topic of several recent research reports. Bank of America assumed coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Truist Financial boosted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Finally, Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $26.67.

Kinder Morgan Stock Performance

NYSE:KMI traded down $0.09 during trading on Friday, reaching $28.20. The company's stock had a trading volume of 11,841,156 shares, compared to its average volume of 11,809,686. The firm has a market cap of $62.65 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.82. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm has a 50 day moving average of $27.31 and a 200-day moving average of $23.76.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan's quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.08%. The ex-dividend date was Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is 100.88%.

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.