Shilanski & Associates Inc. Lowers Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Shilanski & Associates Inc. lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,703 shares of the pipeline company’s stock after selling 926 shares during the period. Shilanski & Associates Inc.’s holdings in Kinder Morgan were worth $3,828,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KMI. Kayne Anderson Capital Advisors LP grew its position in shares of Kinder Morgan by 0.7% in 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 purchasing an additional 69,307 shares during the period. Barclays PLC increased its stake in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock valued at $163,116,000 after acquiring an additional 164,152 shares during the last quarter. Duquesne Family Office LLC lifted its position in shares of Kinder Morgan by 74.0% in the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after acquiring an additional 2,872,665 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position 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 purchasing an additional 29,861 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $30.50 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market cap of $67.77 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The company’s 50 day moving average is $27.90 and its two-hundred day moving average is $24.32. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last released 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 8.10% and a net margin of 17.31%. On average, research analysts expect that Kinder Morgan, Inc. will post 1.27 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 3.77%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Analyst Ratings Changes

A number of research analysts have weighed in on KMI shares. Morgan Stanley raised their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday. The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Eight equities 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.92.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock valued at $1,497,000 in the last ninety days. Corporate insiders own 12.64% of the company’s stock.

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.