Eastern Bank decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,013 shares of the pipeline company’s stock after selling 1,603 shares during the quarter. Eastern Bank’s holdings in Kinder Morgan were worth $2,302,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Kinder Morgan by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after purchasing an additional 257,658 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its holdings in Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after acquiring an additional 69,307 shares during the last quarter. Barclays PLC increased its position in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after acquiring an additional 2,334,273 shares during the period. Marshall Wace LLP raised its stake in shares of Kinder Morgan by 20.6% during the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after acquiring an additional 1,328,082 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after purchasing an additional 164,152 shares during the period. Institutional investors own 62.52% of the company’s stock.
Kinder Morgan Stock Performance
Shares of KMI stock opened at $28.52 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The firm has a fifty day simple moving average of $27.39 and a two-hundred day simple moving average of $23.85. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.82. The firm has a market capitalization of $63.36 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.
Kinder Morgan Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.03%. Kinder Morgan’s dividend payout ratio is presently 100.88%.
Analysts Set New Price Targets
Several brokerages recently issued reports on KMI. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Barclays increased their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Truist Financial boosted their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group lifted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.67.
Read Our Latest Research Report on Kinder Morgan
Insider Activity at Kinder Morgan
In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 745,263 shares of company stock valued at $18,578,014 over the last 90 days. Insiders own 12.64% 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.
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