Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,835 shares of the pipeline company’s stock after selling 1,321 shares during the period. D.A. Davidson & CO.’s holdings in Kinder Morgan were worth $9,346,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KMI. Charles Schwab Investment Management Inc. raised its stake in Kinder Morgan by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock valued at $506,320,000 after buying an additional 317,980 shares in the last quarter. Norges Bank purchased a new position in shares of Kinder Morgan during the fourth quarter worth about $409,063,000. Northern Trust Corp grew its holdings in shares of Kinder Morgan by 3.0% during the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after purchasing an additional 639,467 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after purchasing an additional 4,870,444 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Kinder Morgan by 4.1% during the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after purchasing an additional 796,829 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were 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 directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.81% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

KMI stock opened at $19.58 on Wednesday. The firm has a 50 day moving average of $18.50 and a 200-day moving average of $17.75. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $19.93. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The company has a market cap of $43.46 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 5.53 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the firm posted $0.30 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 5.87%. Kinder Morgan’s payout ratio is 104.55%.

Analyst Ratings Changes

KMI has been the topic of a number of research reports. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.20.

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.