Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,419,162 shares of the pipeline company’s stock after selling 561,478 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Kinder Morgan were worth $449,884,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan during the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $25,000. Hurley Capital LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI stock opened at $27.09 on Friday. The stock’s fifty day moving average is $26.94 and its two-hundred day moving average is $26.93. The stock has a market capitalization of $60.19 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 3.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a 1 year low of $18.13 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.32%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is 99.14%.

Analysts Set New Price Targets

Several brokerages have issued reports on KMI. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Morgan Stanley lifted their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank assumed coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Finally, Truist Financial boosted their target price 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. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $29.64.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the transaction, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18 % decrease in their position. 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. 12.73% of the stock is owned by company insiders.

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.