Canada Pension Plan Investment Board Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Canada Pension Plan Investment Board lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 400.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,159 shares of the pipeline company’s stock after buying an additional 177,805 shares during the period. Canada Pension Plan Investment Board’s holdings in Kinder Morgan were worth $6,087,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at about $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan in the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on KMI. Royal Bank of Canada raised their target price 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. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Citigroup lifted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Performance

NYSE KMI opened at $25.81 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 1-year low of $18.13 and a 1-year high of $31.48. The company has a market cap of $57.35 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The stock’s 50 day simple moving average is $26.94 and its 200-day simple moving average is $26.97.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan’s payout ratio is currently 99.14%.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction 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 transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 over the last ninety days. Corporate insiders own 12.73% of the company’s stock.

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.