Axa S.A. Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Axa S.A. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 90.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 505,858 shares of the pipeline company’s stock after acquiring an additional 240,194 shares during the period. Axa S.A.’s holdings in Kinder Morgan were worth $13,861,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of KMI. Hurley Capital LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $25,000. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan in the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. grew its position in Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 703 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In related 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 sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’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 value of $498,600.00. Following the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,506,116 in the last three months. 12.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KMI shares. 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 research note on Monday, March 3rd. Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Scotiabank boosted their price objective on Kinder Morgan from $25.00 to $26.00 and gave the company a “sector perform” rating in a research report on Monday, April 21st. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.71.

Kinder Morgan Price Performance

KMI stock opened at $26.87 on Tuesday. The firm has a 50-day moving average of $26.98 and a 200 day moving average of $27.14. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market cap of $59.71 billion, a P/E ratio of 22.97, a PEG ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 1 year low of $18.49 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.2925 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.35%. Kinder Morgan’s dividend payout ratio is currently 100.86%.

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.