Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 426,193 shares of the pipeline company’s stock after selling 12,121 shares during the period. Retirement Systems of Alabama’s holdings in Kinder Morgan were worth $7,518,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Tucker Asset Management LLC acquired a new position in Kinder Morgan during the third quarter worth $25,000. Activest Wealth Management purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $30,000. Rakuten Securities Inc. acquired a new position in shares of Kinder Morgan during the 4th quarter worth $33,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan in the 3rd quarter valued at about $33,000. Finally, Gradient Investments LLC increased its holdings in Kinder Morgan by 57.1% during the 4th quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock valued at $45,000 after acquiring an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on KMI shares. Truist Financial reiterated a “hold” rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Hold” and an average price target of $20.20.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.6 %

Shares of NYSE KMI opened at $18.57 on Friday. The firm’s 50 day moving average price is $18.10 and its 200 day moving average price is $17.52. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The firm has a market cap of $41.21 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 5.23 and a beta of 0.89. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the company posted $0.30 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.2875 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 6.19%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Kinder Morgan 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.