Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,510,846 shares of the pipeline company’s stock after purchasing an additional 74,973 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Kinder Morgan were worth $123,597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMI. Xponance Inc. increased its stake in shares of Kinder Morgan by 5.2% in the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock worth $8,303,000 after buying an additional 15,114 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Golden State Equity Partners raised its stake in shares of Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after purchasing an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in shares of Kinder Morgan by 2.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock worth $62,062,000 after purchasing an additional 44,474 shares during the last quarter. Finally, Barclays PLC grew its stake in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on KMI. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Finally, Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares of the company’s stock, valued at $23,219,995. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,506,116 over the last quarter. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.1 %

Shares of Kinder Morgan stock opened at $25.31 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48. The business’s fifty day moving average price is $27.15 and its two-hundred day moving average price is $26.67. The company has a market capitalization of $56.25 billion, a P/E ratio of 21.64, a PEG ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 net margin of 17.31% and a return on equity of 8.09%. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

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.