Oregon Public Employees Retirement Fund Has $4.54 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Oregon Public Employees Retirement Fund lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,727 shares of the pipeline company’s stock after acquiring an additional 440 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kinder Morgan were worth $4,541,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its position in Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after acquiring an additional 29,861 shares during the last quarter. Principal Financial Group Inc. grew its position in Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after acquiring an additional 71,984 shares during the last quarter. Golden State Equity Partners grew its position in Kinder Morgan by 2,507.9% during the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after acquiring an additional 15,800 shares during the last quarter. Barclays PLC grew its position in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Kinder Morgan by 116.1% during the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock worth $5,772,000 after acquiring an additional 113,173 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on KMI shares. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. UBS Group increased their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Morgan Stanley increased their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. Finally, Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Stock Performance

KMI stock opened at $26.16 on Thursday. The business’s fifty day moving average is $27.76 and its 200-day moving average is $25.44. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market cap of $58.12 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $17.02 and a twelve month high of $31.48.

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%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.40%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is presently 98.29%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was 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 valued at $3,504,136. 12.64% of the stock is owned by company insiders.

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.