Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Natixis

Natixis reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 85.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,912 shares of the pipeline company's stock after selling 188,786 shares during the period. Natixis' holdings in Kinder Morgan were worth $874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMI. Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $826,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $386,000. Blankinship & Foster LLC grew its stake in Kinder Morgan by 128.4% in the 3rd quarter. Blankinship & Foster LLC now owns 46,900 shares of the pipeline company's stock valued at $1,036,000 after acquiring an additional 26,363 shares during the period. Finally, Synovus Financial Corp raised its position in Kinder Morgan by 1.7% during the third quarter. Synovus Financial Corp now owns 103,618 shares of the pipeline company's stock worth $2,289,000 after acquiring an additional 1,769 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KMI shares. Citigroup upped their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Scotiabank raised their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, April 21st. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Finally, Truist Financial increased their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.64.

Kinder Morgan Trading Down 0.4 %

Shares of NYSE KMI traded down $0.11 during midday trading on Monday, reaching $26.74. 2,767,305 shares of the stock were exchanged, compared to its average volume of 13,904,775. Kinder Morgan, Inc. has a twelve month low of $18.13 and a twelve month high of $31.48. The stock has a market capitalization of $59.42 billion, a P/E ratio of 22.83, a PEG ratio of 3.08 and a beta of 0.72. The company has a 50 day simple moving average of $26.94 and a 200 day simple moving average of $27.06. 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 posted 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 company had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is currently 100.86%.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock valued at $3,506,116. 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.