Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.1% during the first quarter, HoldingsChannel.com reports. The firm owned 158,367 shares of the pipeline company’s stock after selling 8,530 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kinder Morgan were worth $2,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Independent Advisor Alliance boosted its holdings in Kinder Morgan by 13.8% in the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock worth $1,148,000 after buying an additional 7,912 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Kinder Morgan in the first quarter worth approximately $8,818,000. Brevan Howard Capital Management LP purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $2,101,000. Duality Advisers LP raised its stake in Kinder Morgan by 42.7% in the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after purchasing an additional 94,984 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Kinder Morgan by 221.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock valued at $4,615,000 after purchasing an additional 173,313 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 1.9 %

Shares of NYSE:KMI traded down $0.39 during trading hours on Friday, reaching $20.68. The stock had a trading volume of 18,941,191 shares, compared to its average volume of 17,440,460. The stock has a market capitalization of $45.90 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.92 and a beta of 0.93. The firm’s 50 day moving average is $20.14 and its 200-day moving average is $18.72. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $21.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.56%. The ex-dividend date is Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 25,169 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The disclosure for this sale can be found here. Insiders sold 196,582 shares of company stock valued at $4,073,082 over the last three months. 12.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

KMI has been the subject of several research reports. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Barclays increased their price target on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Truist Financial boosted their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. Finally, Scotiabank boosted their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.11.

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.