Oppenheimer & Co. Inc. Trims Stake in Kinder Morgan, Inc. (NYSE:KMI)

Oppenheimer & Co. Inc. decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 425,313 shares of the pipeline company’s stock after selling 10,434 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Kinder Morgan were worth $11,654,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Kinder Morgan by 8.6% in the fourth quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company’s stock valued at $376,332,000 after buying an additional 1,093,242 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Kinder Morgan by 0.7% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after acquiring an additional 69,307 shares during the period. Barclays PLC raised its holdings in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after purchasing an additional 164,152 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after purchasing an additional 29,861 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 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 disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,504,136 over the last 90 days. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $26.23 on Friday. The firm’s fifty day simple moving average is $27.76 and its 200 day simple moving average is $25.45. 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, Inc. has a twelve month low of $17.02 and a twelve month high of $31.48. The firm has a market capitalization of $58.28 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.38%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Truist Financial upped their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Barclays increased their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

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.