Los Angeles Capital Management LLC Has $23.86 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Los Angeles Capital Management LLC reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 12.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 870,765 shares of the pipeline company’s stock after selling 119,680 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Kinder Morgan were worth $23,859,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan during the 4th quarter worth $25,000. Modus Advisors LLC bought a new position in Kinder Morgan during the 4th quarter worth $27,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan during the 4th quarter worth $29,000. Finally, Planning Capital Management Corp raised its position in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan 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 transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock worth $3,504,136. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KMI. Morgan Stanley raised their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Citigroup raised their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Performance

Shares of KMI opened at $26.09 on Wednesday. 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 stock has a 50-day moving average of $27.76 and a 200-day moving average of $25.44. The company has a market cap of $57.96 billion, a PE ratio of 22.29, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.02 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate 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 research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.41%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

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.