Focus Partners Wealth Has $97.29 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Focus Partners Wealth lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,252,504 shares of the pipeline company's stock after selling 120,413 shares during the quarter. Focus Partners Wealth owned about 0.15% of Kinder Morgan worth $97,294,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KMI. Norges Bank acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $917,523,000. Raymond James Financial Inc. acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $157,804,000. Blackstone Inc. lifted its position in Kinder Morgan by 435.0% during the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after acquiring an additional 3,543,670 shares during the period. Artisan Partners Limited Partnership acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $87,729,000. Finally, Amundi lifted its position in Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after acquiring an additional 2,650,040 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI remained flat at $27.31 during midday trading on Monday. The stock had a trading volume of 13,045,570 shares, compared to its average volume of 13,996,232. The firm has a market capitalization of $60.68 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The stock's fifty day moving average is $27.03 and its 200 day moving average is $27.23. Kinder Morgan, Inc. has a 12 month low of $18.83 and a 12 month high of $31.48. 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 released its earnings results 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 analysts' expectations of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, analysts anticipate 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 issued a $0.2925 dividend. 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 4.28%. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan's payout ratio is presently 100.86%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares in the company, valued at $21,970,599.72. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the business'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 transaction of $2,011,035.65. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,503,776 in the last three months. 12.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on KMI shares. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Citigroup raised 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. UBS Group raised 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. Finally, Truist Financial raised 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. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.