Van ECK Associates Corp Grows Stake in Kinder Morgan, Inc. (NYSE:KMI)

Van ECK Associates Corp grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 735,523 shares of the pipeline company's stock after acquiring an additional 69,071 shares during the period. Van ECK Associates Corp's holdings in Kinder Morgan were worth $20,153,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock valued at $101,422,000 after acquiring an additional 29,861 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock valued at $504,000 after purchasing an additional 776 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after purchasing an additional 71,984 shares in the last quarter. Golden State Equity Partners grew its holdings in Kinder Morgan by 2,507.9% during the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock worth $450,000 after acquiring an additional 15,800 shares during the period. Finally, Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded up $0.36 on Tuesday, reaching $26.91. 4,500,802 shares of the company's stock were exchanged, compared to its average volume of 15,646,696. The company has a fifty day moving average of $27.79 and a 200-day moving average of $25.19. Kinder Morgan, Inc. has a twelve month low of $17.00 and a twelve month high of $31.48. The company has a market capitalization of $59.77 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 3.16 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results 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%. On average, research analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.27%. The ex-dividend date is Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is currently 98.29%.

Insider Transactions at Kinder Morgan

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 sale, the president now directly owns 861,652 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 54,000 shares of company stock worth $1,493,100 over the last three months. 12.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on KMI. Citigroup lifted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. 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 report on Thursday, January 23rd. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 22nd. UBS Group boosted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Scotiabank initiated coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of "Moderate Buy" and a consensus target price of $29.14.

Kinder Morgan Company 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.