Illinois Municipal Retirement Fund Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Illinois Municipal Retirement Fund grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 746,981 shares of the pipeline company’s stock after acquiring an additional 26,542 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kinder Morgan were worth $20,467,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its position in shares of Kinder Morgan by 2.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 100,386 shares of the pipeline company’s stock worth $2,218,000 after acquiring an additional 2,456 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Kinder Morgan by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 170,781 shares of the pipeline company’s stock worth $3,773,000 after acquiring an additional 1,141 shares in the last quarter. International Assets Investment Management LLC increased its position in Kinder Morgan by 1,849.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after buying an additional 2,053,612 shares in the last quarter. Ballentine Partners LLC increased its position in Kinder Morgan by 8.1% during the 3rd quarter. Ballentine Partners LLC now owns 14,390 shares of the pipeline company’s stock valued at $318,000 after buying an additional 1,075 shares in the last quarter. Finally, Mediolanum International Funds Ltd increased its position in Kinder Morgan by 6.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 50,594 shares of the pipeline company’s stock valued at $1,101,000 after buying an additional 3,061 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.2 %

Shares of KMI stock opened at $26.47 on Tuesday. Kinder Morgan, Inc. has a 12-month low of $17.02 and a 12-month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock’s 50-day moving average price is $27.77 and its 200-day moving average price is $25.40. The stock has a market capitalization of $58.80 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued 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 predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.35%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Analyst Ratings Changes

KMI has been the subject of a number of analyst reports. Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Barclays lifted their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho lifted their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, UBS Group lifted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,504,136 over the last 90 days. Company insiders own 12.64% of the company’s stock.

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.