Kinder Morgan, Inc. (NYSE:KMI) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,846,078 shares of the pipeline company’s stock after purchasing an additional 1,469,759 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Kinder Morgan worth $5,557,983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. CX Institutional grew its holdings in Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after buying an additional 354 shares in the last quarter. Sunflower Bank N.A. grew its holdings in Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after buying an additional 367 shares in the last quarter. Ignite Planners LLC grew its holdings in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after buying an additional 372 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock worth $142,000 after buying an additional 385 shares in the last quarter. Finally, Bristlecone Advisors LLC grew its holdings in Kinder Morgan by 2.6% in the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock worth $433,000 after buying an additional 400 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the 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 completion of the sale, the president now owns 825,652 shares in the company, valued at $21,970,599.72. This represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction 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 of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 over the last quarter. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.90 on Monday. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The stock has a fifty day moving average of $27.57 and a 200-day moving average of $26.16. The company has a market capitalization of $61.98 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.12%. Kinder Morgan’s payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial increased their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, 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 research note on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from 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.