BROOKFIELD Corp ON Acquires 2,065,719 Shares of Kinder Morgan, Inc. (NYSE:KMI)

BROOKFIELD Corp ON raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 395.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,587,605 shares of the pipeline company's stock after acquiring an additional 2,065,719 shares during the quarter. Kinder Morgan makes up 0.4% of BROOKFIELD Corp ON's portfolio, making the stock its 29th largest holding. BROOKFIELD Corp ON owned 0.12% of Kinder Morgan worth $70,900,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KMI. Vanguard Group Inc. raised its stake in Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after acquiring an additional 1,469,759 shares during the period. Geode Capital Management LLC raised its position in shares of Kinder Morgan by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after purchasing an additional 1,252,609 shares during the period. Norges Bank purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $917,523,000. Northern Trust Corp boosted its holdings in Kinder Morgan by 8.3% in the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after buying an additional 1,608,499 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Kinder Morgan by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company's stock worth $376,332,000 after buying an additional 1,093,242 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction 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 completion of the transaction, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,506,116. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

KMI stock opened at $26.87 on Tuesday. Kinder Morgan, Inc. has a twelve month low of $18.49 and a twelve month high of $31.48. The firm has a market cap of $59.71 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 3.08 and a beta of 0.74. The business's fifty day simple moving average is $26.98 and its two-hundred day simple moving average is $27.14. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. The company 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%. Analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

Wall Street Analyst Weigh In

KMI has been the subject of several research analyst reports. Mizuho increased their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial boosted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Finally, Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $29.71.

About Kinder Morgan

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.

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