Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 202,846,078 shares of the pipeline company's stock after acquiring an additional 1,469,759 shares during the period. Vanguard Group Inc. owned 9.13% of Kinder Morgan worth $5,557,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp raised its stake in Kinder Morgan by 8.6% during 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 acquiring an additional 1,093,242 shares during the period. Amundi raised its position in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock valued at $334,381,000 after purchasing an additional 2,650,040 shares during the period. Barclays PLC lifted its stake 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 buying an additional 2,334,273 shares in the last quarter. Bank of Montreal Can boosted its holdings in 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 buying an additional 164,152 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Kinder Morgan during the fourth quarter valued at about $157,804,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

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Kinder Morgan Trading Down 1.0 %

Shares of KMI traded down $0.28 during trading hours on Thursday, reaching $28.20. 2,952,003 shares of the company traded hands, compared to its average volume of 13,125,410. The firm has a market cap of $62.66 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The stock's fifty day moving average price is $27.55 and its 200 day moving average price is $26.28. 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 issued 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 return on equity of 8.09% and a net margin of 17.31%. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $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 accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the sale, the president now owns 825,652 shares of the company's stock, valued at $21,970,599.72. This trade represents a 2.13 % 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 $3,490,996 in the last three months. Corporate insiders own 12.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KMI. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Citigroup lifted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price target on the stock. Finally, Truist Financial increased their price objective 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. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.64.

Kinder Morgan 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.