Bank of New York Mellon Corp Has $376.33 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Bank of New York Mellon Corp lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,734,753 shares of the pipeline company’s stock after buying an additional 1,093,242 shares during the period. Bank of New York Mellon Corp owned about 0.62% of Kinder Morgan worth $376,332,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KMI. Barclays PLC boosted its position in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. Fisher Funds Management LTD bought a new position in shares of Kinder Morgan during the fourth quarter valued at $62,534,000. National Bank of Canada FI lifted its holdings in shares of Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after purchasing an additional 2,194,489 shares during the period. Jennison Associates LLC grew its stake in shares of Kinder Morgan by 847.4% in the fourth quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock worth $40,420,000 after purchasing an additional 1,319,474 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of Kinder Morgan by 295.2% in the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock worth $37,185,000 after purchasing an additional 1,257,428 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KMI shares. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial boosted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley upped their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Mizuho upped their price target 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. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $26.16 on Thursday. The stock’s 50 day moving average is $27.76 and its 200-day moving average is $25.44. Kinder Morgan, Inc. has a twelve month low of $17.02 and a twelve month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $58.12 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,504,136 over the last 90 days. 12.64% of the stock is currently owned by corporate insiders.

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.