Swiss National Bank Trims Stake in Kinder Morgan, Inc. (NYSE:KMI)

Swiss National Bank decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,651,374 shares of the pipeline company's stock after selling 277,300 shares during the period. Swiss National Bank owned about 0.25% of Kinder Morgan worth $154,848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of Kinder Morgan by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company's stock worth $376,332,000 after buying an additional 1,093,242 shares during the last quarter. Amundi boosted its position in Kinder Morgan by 28.9% in the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after purchasing an additional 2,650,040 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its stake in shares of Kinder Morgan by 0.7% during the 3rd 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 during the period. Barclays PLC increased its position in shares of Kinder Morgan by 39.9% during 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 during the last quarter. Finally, Bank of Montreal Can lifted 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 worth $163,116,000 after purchasing an additional 164,152 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have commented on KMI shares. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a report on Monday, March 3rd. Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.64.

Kinder Morgan Price Performance

KMI traded up $0.67 during trading on Monday, reaching $27.77. 10,622,785 shares of the company traded hands, compared to its average volume of 13,226,756. The company has a market cap of $61.69 billion, a P/E ratio of 23.73, a PEG ratio of 3.08 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. Kinder Morgan, Inc. has a 12-month low of $17.52 and a 12-month high of $31.48. The firm has a fifty day simple moving average of $27.60 and a 200 day simple moving average of $25.94.

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

Kinder Morgan Dividend Announcement

The company also recently declared 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 yield of 4.14%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's payout ratio is presently 98.29%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 in the last quarter. 12.64% of the stock is 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.