Gotham Asset Management LLC Has $15.62 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Gotham Asset Management LLC reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 25.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 569,874 shares of the pipeline company's stock after selling 190,685 shares during the quarter. Gotham Asset Management LLC's holdings in Kinder Morgan were worth $15,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CX Institutional increased its position in shares of Kinder Morgan by 2.3% during the 4th 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. grew its holdings in Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock worth $288,000 after acquiring an additional 367 shares during the last quarter. Ignite Planners LLC grew its holdings in Kinder Morgan by 3.9% during the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after acquiring an additional 372 shares during the last quarter. Diligent Investors LLC grew its holdings in Kinder Morgan by 1.5% during the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after acquiring an additional 381 shares during the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in Kinder Morgan by 8.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock worth $142,000 after acquiring an additional 385 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Down 0.4%

KMI traded down $0.12 during trading on Wednesday, reaching $27.38. 10,594,674 shares of the stock were exchanged, compared to its average volume of 13,986,370. The stock has a market cap of $60.84 billion, a P/E ratio of 23.40, a price-to-earnings-growth 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 price is $27.05 and its two-hundred day moving average price is $27.23. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting 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 during the quarter, compared to analysts' expectations of $4.02 billion. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.27%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan's payout ratio is 100.86%.

Analysts Set New Price Targets

KMI has been the topic of a number of research analyst reports. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Citigroup raised their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Morgan Stanley raised their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Seven investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $29.79.

Insiders Place Their Bets

In related news, 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 value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the transaction, the president now owns 807,652 shares in the company, valued at $23,219,995. This trade represents a 2.18% 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 $3,503,776 over the last ninety days. 12.73% of the stock is currently owned by company insiders.

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.