King Luther Capital Management Corp Has $71.34 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

King Luther Capital Management Corp decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,603,729 shares of the pipeline company’s stock after selling 135,927 shares during the quarter. King Luther Capital Management Corp’s holdings in Kinder Morgan were worth $71,342,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KMI. Principal Financial Group Inc. raised its stake in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Kinder Morgan in the 3rd quarter worth about $43,000. Leavell Investment Management Inc. bought a new stake in shares of Kinder Morgan in the 3rd quarter worth about $310,000. Assetmark Inc. grew its holdings in shares of Kinder Morgan by 50.6% in the 3rd quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock worth $95,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Kinder Morgan by 8.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 990,445 shares of the pipeline company’s stock worth $21,879,000 after purchasing an additional 75,194 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.2 %

Shares of NYSE KMI opened at $26.08 on Tuesday. The firm has a market capitalization of $57.94 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. 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 1 year low of $17.45 and a 1 year high of $31.48. The firm’s 50-day moving average is $27.69 and its 200-day moving average is $25.79.

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 net margin of 17.31% and a return on equity of 8.09%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. 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 4.41%. Kinder Morgan’s dividend payout ratio is 98.29%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Truist Financial upped their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group increased their price objective 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. Finally, Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. 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 MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 in the last ninety 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.