Flputnam Investment Management Co. Sells 564 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Flputnam Investment Management Co. lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.3% during the fourth quarter, HoldingsChannel reports. The fund owned 16,331 shares of the pipeline company’s stock after selling 564 shares during the quarter. Flputnam Investment Management Co.’s holdings in Kinder Morgan were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Stephens Inc. AR grew its position in Kinder Morgan by 3.0% during the third quarter. Stephens Inc. AR now owns 144,268 shares of the pipeline company’s stock worth $3,187,000 after buying an additional 4,253 shares in the last quarter. Gladstone Institutional Advisory LLC grew its holdings in shares of Kinder Morgan by 9.6% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 15,281 shares of the pipeline company’s stock worth $338,000 after purchasing an additional 1,337 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Kinder Morgan by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 25,849 shares of the pipeline company’s stock valued at $571,000 after purchasing an additional 5,043 shares during the period. Pure Financial Advisors LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at $301,000. Finally, Janney Montgomery Scott LLC lifted its position in Kinder Morgan by 1.1% in the third quarter. Janney Montgomery Scott LLC now owns 1,531,624 shares of the pipeline company’s stock worth $33,834,000 after purchasing an additional 17,343 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KMI shares. Truist Financial boosted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Mizuho increased their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Seven equities 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.21.

Insider Activity

In related news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,504,136 over the last 90 days. 12.64% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.13 on Tuesday. The business’s fifty day moving average is $27.77 and its two-hundred day moving average is $25.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a market cap of $60.28 billion, a P/E ratio of 23.19, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.42 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.24%. Kinder Morgan’s payout ratio is currently 98.29%.

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.