Prudential Financial Inc. Lowers Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Prudential Financial Inc. decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,093,552 shares of the pipeline company’s stock after selling 276,912 shares during the quarter. Prudential Financial Inc.’s holdings in Kinder Morgan were worth $29,963,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. CX Institutional raised its holdings in shares of Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after buying an additional 354 shares during the last quarter. Sunflower Bank N.A. raised its stake in Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 367 shares during the last quarter. Ignite Planners LLC lifted its position in Kinder Morgan by 3.9% during the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after acquiring an additional 372 shares during the period. Eagle Bay Advisors LLC grew its stake in shares of Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after purchasing an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC increased its holdings in shares of Kinder Morgan by 2.6% in the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock valued at $433,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now directly 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 sold 129,461 shares of company stock worth $3,490,996 in the last ninety days. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KMI shares. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Monday, March 3rd. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Truist Financial lifted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $28.80 on Wednesday. The stock has a fifty day moving average price of $27.57 and a 200 day moving average price of $26.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a market cap of $63.99 billion, a PE ratio of 24.62, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly 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%. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm 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 was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.99%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

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.