Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,651,374 shares of the pipeline company’s stock after selling 277,300 shares during the quarter. Swiss National Bank’s holdings in Kinder Morgan were worth $154,848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its position in Kinder Morgan by 50.6% during the third quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock worth $95,000 after buying an additional 1,450 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter worth $42,000. Apollon Wealth Management LLC boosted its position in shares of Kinder Morgan by 16.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 85,992 shares of the pipeline company’s stock valued at $1,900,000 after acquiring an additional 12,354 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after purchasing an additional 29,861 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its position in Kinder Morgan by 34.4% during the third quarter. Ashton Thomas Private Wealth LLC now owns 50,001 shares of the pipeline company’s stock worth $1,105,000 after purchasing an additional 12,811 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. Royal Bank of Canada raised their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. UBS Group raised their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Truist Financial boosted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated 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 transaction, the president now owns 861,652 shares in the company, valued at approximately $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 $3,490,996 over the last 90 days. 12.64% of the stock is owned by insiders.

Kinder Morgan Trading Up 0.1 %

Shares of KMI stock opened at $26.54 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $31.48. The company has a 50 day moving average price of $27.62 and a 200 day moving average price of $25.83. The stock has a market capitalization of $58.98 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.33%. 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.