MML Investors Services LLC Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

MML Investors Services LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 447,405 shares of the pipeline company's stock after acquiring an additional 16,715 shares during the quarter. MML Investors Services LLC's holdings in Kinder Morgan were worth $12,259,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CX Institutional grew its holdings in Kinder Morgan by 2.3% during the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after buying an additional 354 shares in the last quarter. Sunflower Bank N.A. lifted its position in Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock worth $288,000 after buying an additional 367 shares during the last quarter. Ignite Planners LLC lifted its position in shares of Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after purchasing an additional 372 shares during the last quarter. Eagle Bay Advisors LLC lifted its position in shares of Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock worth $142,000 after purchasing an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC lifted its position in shares of Kinder Morgan by 2.6% during the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock worth $433,000 after purchasing an additional 400 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMI. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Scotiabank lifted their target price 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. Mizuho lifted their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Finally, UBS Group raised their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.64.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm's 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 completion of the transaction, the vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was 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 directly owns 807,652 shares of the company's stock, valued at approximately $23,219,995. This represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,506,116 over the last 90 days. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Down 0.1 %

Shares of Kinder Morgan stock traded down $0.02 on Friday, reaching $26.85. The stock had a trading volume of 9,264,214 shares, compared to its average volume of 13,947,768. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $59.66 billion, a P/E ratio of 22.95, a P/E/G ratio of 3.08 and a beta of 0.72. The company has a 50 day moving average price of $26.94 and a 200 day moving average price of $27.06. Kinder Morgan, Inc. has a 1 year low of $18.13 and a 1 year high of $31.48.

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 during the quarter, compared to analysts' expectations of $4.02 billion. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced 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. 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. This represents a $1.17 dividend on an annualized basis and a yield of 4.36%. Kinder Morgan's dividend payout ratio is presently 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.