OMERS ADMINISTRATION Corp Has $2.29 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

OMERS ADMINISTRATION Corp lifted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 20.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,683 shares of the pipeline company's stock after purchasing an additional 14,263 shares during the period. OMERS ADMINISTRATION Corp's holdings in Kinder Morgan were worth $2,293,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $25,000. Hurley Capital LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $25,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Up 0.3%

NYSE KMI traded up $0.09 during trading hours on Friday, reaching $28.09. 12,398,816 shares of the company's stock were exchanged, compared to its average volume of 13,990,894. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a market capitalization of $62.41 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company's 50-day moving average is $27.15 and its two-hundred day moving average is $27.30. Kinder Morgan, Inc. has a one year low of $18.83 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is currently 100.86%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KMI shares. Citigroup raised their price objective 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. Scotiabank raised their price target on Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, April 21st. Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Finally, UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and an average target price of $29.79.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on 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 sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the sale, the president now directly 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. Over the last three months, insiders sold 129,461 shares of company stock worth $3,503,776. 12.73% of the stock is owned by corporate 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.