Kinder Morgan, Inc. (NYSE:KMI) is FPR Partners LLC's Largest Position

FPR Partners LLC cut its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 20.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,402,891 shares of the pipeline company's stock after selling 1,394,141 shares during the quarter. Kinder Morgan accounts for about 16.3% of FPR Partners LLC's holdings, making the stock its biggest holding. FPR Partners LLC owned about 0.24% of Kinder Morgan worth $148,039,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Kinder Morgan by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock valued at $5,557,983,000 after purchasing an additional 1,469,759 shares during the period. Geode Capital Management LLC increased its stake in shares of Kinder Morgan by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after buying an additional 1,252,609 shares during the period. Norges Bank acquired a new position in shares of Kinder Morgan in the fourth quarter worth approximately $917,523,000. Northern Trust Corp boosted its holdings in Kinder Morgan by 8.3% in the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after acquiring an additional 1,608,499 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Kinder Morgan by 16.8% during the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after purchasing an additional 2,116,576 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMI has been the subject of several research analyst reports. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Citigroup boosted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. Seven equities 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.79.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the company's 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 sale, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. The trade was a 25.48 % 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 $3,503,776 in the last three months. Insiders own 12.73% of the company's stock.

Kinder Morgan Trading Up 1.0 %

KMI stock traded up $0.28 during trading on Friday, reaching $27.32. The company had a trading volume of 8,832,253 shares, compared to its average volume of 14,000,032. 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, Inc. has a 52 week low of $18.83 and a 52 week high of $31.48. The business has a 50 day moving average of $27.02 and a 200 day moving average of $27.20. The company has a market cap of $60.71 billion, a P/E ratio of 23.35, a PEG ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.28%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

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.