abrdn plc Boosts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

abrdn plc increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,733,417 shares of the pipeline company’s stock after purchasing an additional 67,795 shares during the quarter. abrdn plc owned about 0.08% of Kinder Morgan worth $47,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP increased its position in shares of Kinder Morgan by 0.7% during the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock valued at $233,050,000 after buying an additional 69,307 shares during the period. Barclays PLC grew its stake in Kinder Morgan by 39.9% during the third 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 in the last quarter. Bank of Montreal Can increased its holdings in 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 acquiring an additional 164,152 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Kinder Morgan by 0.7% in 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 in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Kinder Morgan by 30.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock valued at $88,534,000 after purchasing an additional 932,469 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Down 0.2 %

Shares of KMI stock opened at $27.53 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The business has a 50-day moving average of $27.96 and a 200 day moving average of $24.80. The stock has a market capitalization of $61.16 billion, a PE ratio of 23.53, a P/E/G ratio of 3.12 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.18%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Morgan Stanley upped their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research 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 report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 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 document filed with the SEC, which is available at the SEC website. 12.81% of the stock is owned by insiders.

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.