Truist Financial Corp cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,766,481 shares of the pipeline company's stock after selling 52,723 shares during the period. Truist Financial Corp owned approximately 0.08% of Kinder Morgan worth $48,402,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP grew its stake in shares of Kinder Morgan by 0.7% during 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 buying an additional 69,307 shares during the last quarter. Barclays PLC grew its position in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Bank of Montreal Can increased its stake in Kinder Morgan by 2.2% in the third 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. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock worth $101,422,000 after purchasing an additional 29,861 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Kinder Morgan by 30.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company's stock valued at $88,534,000 after purchasing an additional 932,469 shares during the period. 62.52% of the stock is currently owned by institutional investors.
Kinder Morgan Stock Down 0.7 %
Kinder Morgan stock traded down $0.19 during trading hours on Friday, reaching $26.41. The stock had a trading volume of 21,468,445 shares, compared to its average volume of 15,875,047. Kinder Morgan, Inc. has a 52 week low of $17.02 and a 52 week high of $31.48. The company has a market cap of $58.67 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 3.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The business's 50 day moving average price is $27.77 and its 200-day moving average price is $25.30.
Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results 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 net margin of 17.31% and a return on equity of 8.09%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.
Kinder Morgan Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.36%. Kinder Morgan's payout ratio is 98.29%.
Analyst Upgrades and Downgrades
Several research firms recently commented on KMI. UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Scotiabank began coverage on Kinder Morgan in a report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price target for the company. Morgan Stanley raised their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Citigroup lifted their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.14.
Check Out Our Latest Analysis on Kinder Morgan
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 on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at $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 have sold a total of 129,461 shares of company stock worth $3,504,136 in the last ninety days. 12.64% of the stock is owned by insiders.
Kinder Morgan Profile
(
Free Report)
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.
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