Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 49.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,974 shares of the pipeline company's stock after selling 243,411 shares during the period. Janus Henderson Group PLC's holdings in Kinder Morgan were worth $6,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. increased its stake in shares of Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after buying an additional 703 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock traded down $0.51 during trading hours on Wednesday, hitting $27.47. The stock had a trading volume of 11,806,722 shares, compared to its average volume of 13,947,166. The firm has a market capitalization of $61.05 billion, a PE ratio of 23.48, a PEG ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a twelve month low of $18.83 and a twelve month high of $31.48. The stock's 50 day moving average is $27.21 and its 200 day moving average is $27.35. 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 (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting 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%. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.26%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares of the company's stock, valued at $23,219,995. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 54,000 shares of company stock valued at $1,492,740 over the last three months. 12.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on KMI shares. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Citigroup upped their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Truist Financial upped 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, Scotiabank upped their price target on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $29.79.

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.