Sei Investments Co. Has $18.71 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Sei Investments Co. cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 682,711 shares of the pipeline company’s stock after selling 52,632 shares during the period. Sei Investments Co.’s holdings in Kinder Morgan were worth $18,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of KMI. Centaurus Financial Inc. lifted its position in Kinder Morgan by 30.6% during the third quarter. Centaurus Financial Inc. now owns 11,947 shares of the pipeline company’s stock worth $264,000 after acquiring an additional 2,796 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Kinder Morgan during the third quarter worth approximately $170,000. Avestar Capital LLC boosted its stake in Kinder Morgan by 6.5% in the 3rd quarter. Avestar Capital LLC now owns 11,716 shares of the pipeline company’s stock valued at $259,000 after purchasing an additional 714 shares during the period. Townsquare Capital LLC grew its holdings in Kinder Morgan by 33.4% in the 3rd quarter. Townsquare Capital LLC now owns 66,248 shares of the pipeline company’s stock valued at $1,463,000 after buying an additional 16,604 shares in the last quarter. Finally, Freedom Investment Management Inc. bought a new position in Kinder Morgan during the 3rd quarter worth $207,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Citigroup raised their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.64.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the company’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 transaction, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,490,996. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.24 on Friday. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock’s 50-day simple moving average is $27.51 and its 200 day simple moving average is $26.29. The firm has a market capitalization of $62.75 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.07%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

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.