Amundi Has $334.38 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Amundi lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 28.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,819,777 shares of the pipeline company’s stock after purchasing an additional 2,650,040 shares during the quarter. Amundi owned 0.53% of Kinder Morgan worth $334,381,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, Planning Capital Management Corp raised its position in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $26.14 on Friday. Kinder Morgan, Inc. has a 12 month low of $17.45 and a 12 month high of $31.48. The stock has a 50 day moving average of $27.71 and a 200-day moving average of $25.72. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $58.09 billion, a P/E ratio of 22.35, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results 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%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a 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 at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the sale, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on 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 sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,461 shares of company stock worth $3,490,996. Company insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KMI shares. 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. Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. UBS Group lifted their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.64.

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.