Van Lanschot Kempen Investment Management N.V. Reduces Position in Kinder Morgan, Inc. (NYSE:KMI)

Van Lanschot Kempen Investment Management N.V. decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 872,926 shares of the pipeline company's stock after selling 250,161 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Kinder Morgan were worth $23,918,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at about $25,000. Centricity Wealth Management LLC purchased a new position in Kinder Morgan during the 4th quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in Kinder Morgan in the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $29,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 0.2 %

Shares of Kinder Morgan stock traded up $0.05 on Wednesday, hitting $26.65. 19,539,838 shares of the company traded hands, compared to its average volume of 13,968,331. Kinder Morgan, Inc. has a 52 week low of $18.13 and a 52 week high of $31.48. The company has a market cap of $59.22 billion, a PE ratio of 22.78, a PEG ratio of 3.08 and a beta of 0.72. The stock's 50 day moving average price is $26.94 and its 200-day moving average price is $26.97. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.39%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is currently 100.86%.

Analysts Set New Price Targets

Several research firms have commented on KMI. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research report on Monday, March 3rd. Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Mizuho raised their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $29.64.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % 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 valued at $3,506,116 over the last ninety days. 12.73% of the stock is owned by company insiders.

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.