Titleist Asset Management LLC Decreases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Titleist Asset Management LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,670 shares of the pipeline company’s stock after selling 4,465 shares during the period. Titleist Asset Management LLC’s holdings in Kinder Morgan were worth $731,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KMI. Janus Henderson Group PLC raised its holdings in shares of Kinder Morgan by 102.0% in the 3rd quarter. Janus Henderson Group PLC now owns 494,385 shares of the pipeline company’s stock valued at $10,923,000 after purchasing an additional 249,640 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Kinder Morgan by 5.5% in the third quarter. Integrated Wealth Concepts LLC now owns 66,939 shares of the pipeline company’s stock valued at $1,479,000 after buying an additional 3,471 shares in the last quarter. Quantinno Capital Management LP raised its stake in Kinder Morgan by 19.2% in the third quarter. Quantinno Capital Management LP now owns 249,384 shares of the pipeline company’s stock valued at $5,509,000 after buying an additional 40,210 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Kinder Morgan by 2,320.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 333,441 shares of the pipeline company’s stock worth $6,747,000 after buying an additional 319,667 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Kinder Morgan by 32.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 137,513 shares of the pipeline company’s stock worth $3,038,000 after acquiring an additional 33,512 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KMI shares. Truist Financial boosted their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. UBS Group boosted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Citigroup boosted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley raised their price objective on Kinder Morgan from $24.00 to $36.00 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Kinder Morgan Trading Down 8.9 %

Shares of KMI stock opened at $25.27 on Monday. The business’s 50 day moving average is $27.20 and its two-hundred day moving average is $26.65. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve 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 company has a market capitalization of $56.14 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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%. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business 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 of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.55%. Kinder Morgan’s payout ratio is currently 98.29%.

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 company’s 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 transaction, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,506,116 in the last quarter. Company insiders own 12.81% of the company’s stock.

Kinder Morgan Company 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.