Mercer Global Advisors Inc. ADV Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 44.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,714 shares of the pipeline company's stock after purchasing an additional 77,914 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Kinder Morgan were worth $6,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. Barclays PLC increased its stake in shares of Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at $826,000. Wilmington Savings Fund Society FSB purchased a new stake in Kinder Morgan during the 3rd quarter worth about $386,000. Franklin Resources Inc. boosted its stake in Kinder Morgan by 44.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,142,956 shares of the pipeline company's stock worth $25,248,000 after purchasing an additional 349,158 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after buying an additional 71,984 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on KMI shares. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Morgan Stanley increased their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank increased their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday, April 21st. Finally, Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Seven research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.79.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,461 shares of company stock valued at $3,007,516. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

Shares of KMI stock traded up $0.40 during mid-day trading on Wednesday, reaching $27.61. The stock had a trading volume of 13,832,570 shares, compared to its average volume of 13,960,868. Kinder Morgan, Inc. has a 1-year low of $18.65 and a 1-year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm has a market cap of $61.35 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 3.08 and a beta of 0.74. The business's fifty day moving average is $27.01 and its 200-day moving average is $27.15.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share 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 during the quarter, compared to analysts' expectations of $4.02 billion. On average, research analysts forecast 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. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.2925 per share. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.24%. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's payout ratio is 100.86%.

Kinder Morgan Company 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.