Russell Investments Group Ltd. Sells 760,392 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Russell Investments Group Ltd. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,597,364 shares of the pipeline company's stock after selling 760,392 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Kinder Morgan worth $45,822,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $99,908,000. Invesco Ltd. boosted its holdings in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company's stock valued at $355,451,000 after purchasing an additional 4,870,444 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of Kinder Morgan by 2,463.8% in the 3rd quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company's stock valued at $73,678,000 after purchasing an additional 4,270,461 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of Kinder Morgan by 1,121.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company's stock worth $65,750,000 after buying an additional 3,640,939 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its stake in Kinder Morgan by 68.6% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 5,696,090 shares of the pipeline company's stock valued at $94,441,000 after buying an additional 2,317,197 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMI has been the topic of several recent analyst reports. StockNews.com downgraded shares of Kinder Morgan from a "buy" rating to a "hold" rating in a research note on Friday, March 1st. Truist Financial restated a "hold" rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $20.20.

Insider Buying and Selling at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the firm's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company's stock, valued at $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 12.81% of the company's stock.

Kinder Morgan Trading Down 1.7 %

KMI traded down $0.32 during mid-day trading on Tuesday, hitting $18.28. The stock had a trading volume of 16,057,739 shares, compared to its average volume of 14,220,674. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92. The stock's fifty day simple moving average is $18.01 and its 200-day simple moving average is $17.49. The firm has a market capitalization of $40.57 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 5.28 and a beta of 0.90.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the firm posted $0.30 earnings per share. Kinder Morgan's revenue was down 1.2% compared to the same quarter last year. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.29%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.28. Kinder Morgan's dividend payout ratio (DPR) is 102.73%.

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.