Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Aviva PLC

Aviva PLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,296,348 shares of the pipeline company’s stock after selling 316,006 shares during the quarter. Aviva PLC owned 0.10% of Kinder Morgan worth $62,920,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in shares of Kinder Morgan by 102.0% in the 3rd quarter. Janus Henderson Group PLC now owns 494,385 shares of the pipeline company’s stock valued at $10,923,000 after purchasing an additional 249,640 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Kinder Morgan by 5.5% during the third quarter. Integrated Wealth Concepts LLC now owns 66,939 shares of the pipeline company’s stock worth $1,479,000 after buying an additional 3,471 shares during the period. Quantinno Capital Management LP increased its holdings in Kinder Morgan by 19.2% in the third quarter. Quantinno Capital Management LP now owns 249,384 shares of the pipeline company’s stock valued at $5,509,000 after buying an additional 40,210 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Kinder Morgan by 2,320.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 333,441 shares of the pipeline company’s stock valued at $6,747,000 after acquiring an additional 319,667 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in shares of Kinder Morgan by 32.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 137,513 shares of the pipeline company’s stock worth $3,038,000 after acquiring an additional 33,512 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction 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 $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,506,116 in the last ninety days. Insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KMI. 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 report on Thursday, January 23rd. Truist Financial lifted their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Morgan Stanley raised their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Finally, Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $25.27 on Friday. The stock has a fifty day moving average price of $27.20 and a 200 day moving average price of $26.61. 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 52 week low of $17.61 and a 52 week high of $31.48. The firm has a market capitalization of $56.14 billion, a P/E ratio of 21.59, a PEG ratio of 3.08 and a beta of 0.94.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.55%. Kinder Morgan’s dividend payout ratio 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.