Banco Bilbao Vizcaya Argentaria S.A. Reduces Position in Kinder Morgan, Inc. (NYSE:KMI)

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,074 shares of the pipeline company's stock after selling 9,988 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Kinder Morgan were worth $15,647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in KMI. CX Institutional raised its holdings in Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock worth $429,000 after purchasing an additional 354 shares in the last quarter. Sunflower Bank N.A. raised its holdings in Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock worth $288,000 after purchasing an additional 367 shares in the last quarter. Ignite Planners LLC raised its holdings in Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after purchasing an additional 372 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in Kinder Morgan by 8.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock worth $142,000 after purchasing an additional 385 shares in the last quarter. Finally, Bristlecone Advisors LLC increased its holdings in shares of Kinder Morgan by 2.6% during the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after acquiring an additional 400 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the sale, the president now owns 825,652 shares of the company's stock, valued at $21,970,599.72. The trade was a 2.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,506,116 in the last three months. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Truist Financial upped their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada upped their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Finally, Scotiabank upped their target price 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 given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.10 during trading hours on Tuesday, hitting $27.17. 3,782,388 shares of the company's stock were exchanged, compared to its average volume of 13,901,108. 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 firm has a market cap of $60.36 billion, a P/E ratio of 23.20, a P/E/G ratio of 3.08 and a beta of 0.72. The firm has a 50 day moving average of $26.95 and a two-hundred day moving average of $27.08. Kinder Morgan, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. 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 paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.31%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's dividend payout ratio is presently 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.