Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,293,411 shares of the pipeline company’s stock after selling 449,863 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.36% of Kinder Morgan worth $830,039,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Steward Partners Investment Advisory LLC grew its stake in shares of Kinder Morgan by 3.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 203,113 shares of the pipeline company’s stock valued at $5,565,000 after buying an additional 7,432 shares in the last quarter. Schechter Investment Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $233,000. Wernau Asset Management Inc. acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $646,000. SBI Securities Co. Ltd. acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $907,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Kinder Morgan by 52.7% in the fourth quarter. Jones Financial Companies Lllp now owns 167,092 shares of the pipeline company’s stock valued at $4,578,000 after buying an additional 57,639 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the firm’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 value of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,461 shares of company stock worth $3,504,136. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.1 %

Shares of Kinder Morgan stock opened at $27.13 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The business’s 50 day simple moving average is $27.77 and its 200-day simple moving average is $25.60. The stock has a market capitalization of $60.28 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $17.42 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last announced 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%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Analyst Ratings Changes

A number of research firms have recently issued reports on KMI. Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday. Scotiabank assumed 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. Finally, Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.21.

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.