Corebridge Financial Inc. Has $13.51 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Corebridge Financial Inc. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 493,095 shares of the pipeline company’s stock after purchasing an additional 13,606 shares during the quarter. Corebridge Financial Inc.’s holdings in Kinder Morgan were worth $13,511,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMI. United Services Automobile Association lifted its position in shares of Kinder Morgan by 3.5% during the fourth quarter. United Services Automobile Association now owns 47,682 shares of the pipeline company’s stock worth $1,306,000 after purchasing an additional 1,616 shares in the last quarter. Congress Wealth Management LLC DE lifted its holdings in Kinder Morgan by 2.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 211,986 shares of the pipeline company’s stock worth $5,808,000 after buying an additional 5,675 shares in the last quarter. Vanguard Group Inc. boosted its position in Kinder Morgan by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company’s stock valued at $5,557,983,000 after buying an additional 1,469,759 shares during the last quarter. LPL Financial LLC increased its stake in shares of Kinder Morgan by 3.6% in the 4th quarter. LPL Financial LLC now owns 3,878,330 shares of the pipeline company’s stock valued at $106,266,000 after buying an additional 135,668 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $21,774,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares in the company, 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 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 directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is owned by insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $28.80 on Wednesday. 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, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48. The company’s 50 day moving average price is $27.57 and its two-hundred day moving average price is $26.26. The company has a market capitalization of $63.99 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.2875 per share. 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 3.99%. Kinder Morgan’s payout ratio is presently 98.29%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KMI shares. Wells Fargo & Company lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Mizuho boosted their price target 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. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.