Two Sigma Securities LLC Sells 11,816 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Two Sigma Securities LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 38.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,298 shares of the pipeline company's stock after selling 11,816 shares during the period. Two Sigma Securities LLC's holdings in Kinder Morgan were worth $529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Xponance Inc. grew its holdings in Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after acquiring an additional 15,114 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Kinder Morgan by 3.2% in 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 last quarter. Golden State Equity Partners lifted its holdings in Kinder Morgan by 2,507.9% during the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock worth $450,000 after buying an additional 15,800 shares during the last quarter. Royal London Asset Management Ltd. grew its position in shares of Kinder Morgan by 2.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after acquiring an additional 44,474 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

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 that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,461 shares of company stock worth $3,506,116. 12.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial boosted their price objective 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. Citigroup raised their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Scotiabank increased their price target 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. Finally, 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 report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.71.

Kinder Morgan Price Performance

KMI stock traded up $0.03 on Thursday, hitting $26.33. 13,553,147 shares of the company's stock traded hands, compared to its average volume of 13,937,129. 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 stock has a market cap of $58.50 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 1-year low of $18.13 and a 1-year high of $31.48. The stock has a fifty day moving average of $26.96 and a 200-day moving average of $27.08.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.44%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is currently 100.86%.

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.