Corient Private Wealth LLC Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Corient Private Wealth LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 933,190 shares of the pipeline company’s stock after selling 17,521 shares during the quarter. Corient Private Wealth LLC’s holdings in Kinder Morgan were worth $16,461,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Kinder Morgan by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock valued at $506,320,000 after purchasing an additional 317,980 shares during the last quarter. Norges Bank acquired a new position in Kinder Morgan during the 4th quarter valued at approximately $409,063,000. Northern Trust Corp grew its position in Kinder Morgan by 3.0% in the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after buying an additional 639,467 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Kinder Morgan by 29.4% in the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after buying an additional 4,870,444 shares in the last quarter. Finally, Morgan Stanley increased its stake in Kinder Morgan by 4.1% in the 3rd quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after buying an additional 796,829 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. 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 report on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.20.

Get Our Latest Report on KMI

Insiders Place Their Bets

In other news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Stock Down 0.1 %

Shares of Kinder Morgan stock traded down $0.01 on Friday, reaching $19.07. The stock had a trading volume of 9,614,977 shares, compared to its average volume of 12,028,106. The company has a 50 day moving average price of $18.59 and a 200 day moving average price of $17.78. The stock has a market capitalization of $42.32 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.99 and a beta of 0.89. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $19.93. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMIGet Free Report) last released 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. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.2875 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 6.03%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Kinder Morgan Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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