Ontario Teachers Pension Plan Board Has $1.13 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Ontario Teachers Pension Plan Board trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 63.4% during the third quarter, Holdings Channel reports. The firm owned 51,277 shares of the pipeline company’s stock after selling 89,008 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Kinder Morgan were worth $1,133,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its position in Kinder Morgan by 186.8% in the 1st quarter. Acadian Asset Management LLC now owns 47,437 shares of the pipeline company’s stock worth $868,000 after purchasing an additional 30,899 shares during the last quarter. Covestor Ltd grew its holdings in shares of Kinder Morgan by 41.4% in the 1st quarter. Covestor Ltd now owns 4,084 shares of the pipeline company’s stock valued at $75,000 after buying an additional 1,196 shares during the period. Pitcairn Co. acquired a new position in Kinder Morgan in the 1st quarter worth $202,000. Natixis boosted its stake in Kinder Morgan by 31.8% in the 1st quarter. Natixis now owns 268,543 shares of the pipeline company’s stock worth $4,925,000 after purchasing an additional 64,782 shares during the period. Finally, Vident Advisory LLC boosted its stake in shares of Kinder Morgan by 792.7% during the 1st quarter. Vident Advisory LLC now owns 233,781 shares of the pipeline company’s stock worth $4,288,000 after buying an additional 207,592 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $28.00 on Thursday. The firm’s 50-day simple moving average is $24.26 and its two-hundred day simple moving average is $21.68. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.27. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm has a market cap of $62.21 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 3.86 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company posted $0.25 EPS. The business’s revenue was down 5.3% on a year-over-year basis. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.11%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Analyst Ratings Changes

KMI has been the topic of several analyst reports. Truist Financial increased their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Bank of America began coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.36.

Insider Buying and Selling at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.64% of the stock is currently owned by corporate insiders.

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.