Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,821,675 shares of the pipeline company's stock after selling 67,581 shares during the period. Rhumbline Advisers owned about 0.17% of Kinder Morgan worth $104,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in Kinder Morgan by 39.9% in the third 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. National Bank of Canada FI grew its position in Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock worth $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC increased its stake in Kinder Morgan by 1,849.7% in the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company's stock valued at $47,817,000 after purchasing an additional 2,053,612 shares during the period. Jennison Associates LLC raised its holdings in shares of Kinder Morgan by 847.4% in the fourth quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company's stock valued at $40,420,000 after buying an additional 1,319,474 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Kinder Morgan by 295.2% during the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company's stock worth $37,185,000 after buying an additional 1,257,428 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company's stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 54,000 shares of company stock worth $1,493,100. 12.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on KMI shares. Scotiabank assumed coverage on Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective for the company. Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Truist Financial boosted their price objective 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. Barclays lifted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Finally, The Goldman Sachs Group increased their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus price target of $29.14.

Kinder Morgan Price Performance

NYSE KMI traded up $0.09 during trading hours on Wednesday, reaching $26.84. The company's stock had a trading volume of 12,138,874 shares, compared to its average volume of 15,803,507. 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 is $27.79 and its two-hundred day moving average is $25.23. Kinder Morgan, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $31.48. The stock has a market cap of $59.63 billion, a PE ratio of 22.94, a PEG ratio of 3.13 and a beta of 0.94.

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 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%. Analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

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 4.29%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's payout ratio is currently 98.29%.

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.