Public Sector Pension Investment Board Has $7.44 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Public Sector Pension Investment Board lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 336,626 shares of the pipeline company’s stock after buying an additional 400 shares during the period. Public Sector Pension Investment Board’s holdings in Kinder Morgan were worth $7,436,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after buying an additional 29,861 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after buying an additional 776 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares in the last quarter. Czech National Bank increased its holdings in shares of Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after buying an additional 25,406 shares in the last quarter. Finally, Valley National Advisers Inc. grew its stake in shares of Kinder Morgan by 1,512.7% in the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock worth $1,956,000 after purchasing an additional 83,090 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of KMI opened at $28.27 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $62.81 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 4.04 and a beta of 0.91. The firm’s fifty day simple moving average is $25.20 and its two-hundred day simple moving average is $22.11. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.81.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. As a group, analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.07%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insider Transactions at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KMI shares. Barclays boosted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Truist Financial boosted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.67.

About Kinder Morgan

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.