Schroder Investment Management Group Sells 899,015 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Schroder Investment Management Group lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 76.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 281,157 shares of the pipeline company’s stock after selling 899,015 shares during the period. Schroder Investment Management Group’s holdings in Kinder Morgan were worth $7,692,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. L & S Advisors Inc purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $3,890,000. Strategy Asset Managers LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $7,821,000. Hobbs Group Advisors LLC raised its position in Kinder Morgan by 5.1% in the fourth quarter. Hobbs Group Advisors LLC now owns 34,949 shares of the pipeline company’s stock worth $958,000 after acquiring an additional 1,692 shares during the period. Allstate Corp purchased a new position in shares of Kinder Morgan during the 4th quarter worth $1,644,000. Finally, RiverFront Investment Group LLC grew its position in shares of Kinder Morgan by 79.6% during the 4th quarter. RiverFront Investment Group LLC now owns 56,122 shares of the pipeline company’s stock valued at $1,538,000 after acquiring an additional 24,870 shares during the period. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KMI shares. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada boosted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research note on Monday, March 3rd. Citigroup upped their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan Trading Down 8.9 %

Shares of KMI stock opened at $25.27 on Friday. The stock’s 50-day moving average price is $27.20 and its 200-day moving average price is $26.58. Kinder Morgan, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48. The stock has a market capitalization of $56.14 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth 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 (NYSE:KMI) last issued 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%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.55%. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares of the company’s stock, valued at approximately $23,219,995. This represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,506,116 in the last three months. Insiders own 12.81% of the company’s stock.

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.