Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,880 shares of the pipeline company’s stock after selling 2,916 shares during the period. Securian Asset Management Inc.’s holdings in Kinder Morgan were worth $2,846,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KMI. Sumitomo Mitsui Trust Group Inc. boosted its stake in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after buying an additional 29,861 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Kinder Morgan by 3.2% during 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 in the last quarter. Golden State Equity Partners boosted its stake in Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after buying an additional 15,800 shares in the last quarter. Barclays PLC boosted its stake in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Kinder Morgan by 116.1% during the fourth quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock valued at $5,772,000 after buying an additional 113,173 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the sale, the president now owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,490,996 in the last three months. 12.64% of the stock is owned by insiders.

Kinder Morgan Stock Up 0.5 %

Shares of Kinder Morgan stock opened at $26.54 on Thursday. The stock has a 50-day moving average price of $27.65 and a 200 day moving average price of $25.83. The company has a market cap of $58.96 billion, a P/E ratio of 22.68, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.45 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.33%. Kinder Morgan’s dividend payout ratio is 98.29%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Citigroup raised their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Finally, Royal Bank of Canada increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $29.64.

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.