Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 28.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,953 shares of the pipeline company's stock after selling 121,319 shares during the period. New York Life Investment Management LLC's holdings in Kinder Morgan were worth $5,344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tucker Asset Management LLC bought a new position in Kinder Morgan during the 3rd quarter valued at approximately $25,000. Activest Wealth Management bought a new position in shares of Kinder Morgan in the 4th quarter worth approximately $30,000. OFI Invest Asset Management bought a new position in shares of Kinder Morgan in the 3rd quarter worth approximately $33,000. Rakuten Securities Inc. bought a new position in shares of Kinder Morgan in the 4th quarter worth approximately $33,000. Finally, Gradient Investments LLC raised its position in shares of Kinder Morgan by 57.1% in the 4th quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company's stock worth $45,000 after acquiring an additional 920 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Activity

In related news, Director Michael C. Morgan sold 230,000 shares of the company's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 12.64% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial reissued a "hold" rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com lowered Kinder Morgan from a "buy" rating to a "hold" rating in a research report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $20.20.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded up $0.11 during trading on Friday, hitting $18.57. 12,409,404 shares of the company's stock traded hands, compared to its average volume of 14,362,760. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92. The business has a 50-day simple moving average of $18.10 and a 200-day simple moving average of $17.52. The stock has a market capitalization of $41.21 billion, a P/E ratio of 16.88, a PEG ratio of 5.20 and a beta of 0.89. 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 (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 6.19%. Kinder Morgan's payout ratio is currently 104.55%.

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.