Kinder Morgan, Inc. (NYSE:KMI) Stock Position Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 807,930 shares of the pipeline company’s stock after selling 71,200 shares during the period. New York State Common Retirement Fund’s holdings in Kinder Morgan were worth $22,137,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $29,000. Planning Capital Management Corp raised its stake in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares in the last quarter. Finally, HM Payson & Co. lifted its holdings in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.7 %

Shares of KMI opened at $26.41 on Friday. The business’s 50-day moving average price is $27.77 and its 200 day moving average price is $25.30. 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 capitalization of $58.67 billion, a P/E ratio of 22.57, a P/E/G ratio of 3.11 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $17.02 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.36%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated 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 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. Over the last quarter, insiders have sold 129,461 shares of company stock worth $3,504,136. 12.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on KMI. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Citigroup boosted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Truist Financial lifted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

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.