AIA Group Ltd Decreases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

AIA Group Ltd lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 56.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,332 shares of the pipeline company’s stock after selling 133,610 shares during the period. AIA Group Ltd’s holdings in Kinder Morgan were worth $2,776,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $29,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 703 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the sale, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,490,996 over the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Scotiabank began coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. Royal Bank of Canada lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Finally, Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Stock Performance

NYSE KMI opened at $28.56 on Tuesday. The stock has a market capitalization of $63.46 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 3.08 and a beta of 0.94. The stock has a 50-day moving average of $27.44 and a 200 day moving average of $26.47. 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 twelve month low of $17.61 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last announced 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%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business 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 4.03%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

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.