World Investment Advisors boosted its stake in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 26.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,443 shares of the pipeline company’s stock after purchasing an additional 17,429 shares during the quarter. World Investment Advisors’ holdings in Kinder Morgan were worth $2,294,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Dorato Capital Management acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $30,000. Strategic Advocates LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at about $32,000. Torren Management LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $32,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $33,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.
Kinder Morgan Stock Performance
Shares of KMI stock opened at $33.63 on Friday. The firm has a market cap of $74.81 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 2.86 and a beta of 0.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.73. The firm’s 50-day simple moving average is $32.73 and its two-hundred day simple moving average is $29.95.
Kinder Morgan Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s payout ratio is presently 79.87%.
Wall Street Analyst Weigh In
KMI has been the topic of several analyst reports. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. TD Cowen boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Truist Financial initiated coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.
Read Our Latest Stock Analysis on Kinder Morgan
Insider Activity
In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president owned 176,540 shares of the company’s stock, valued at $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the sale, the vice president directly owned 100,146 shares in the company, valued at $3,199,664.70. This trade represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,598 shares of company stock valued at $966,877 over the last quarter. Company insiders own 12.72% of the company’s stock.
Kinder Morgan Company Profile
Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.
Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.
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