Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 29.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,504,042 shares of the pipeline company’s stock after selling 635,688 shares during the quarter. River Road Asset Management LLC owned about 0.07% of Kinder Morgan worth $41,211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $29,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the firm’s 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 transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Truist Financial increased their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Morgan Stanley increased their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Finally, Royal Bank of Canada increased their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Trading Down 0.2 %

NYSE:KMI opened at $26.08 on Tuesday. The stock has a fifty day moving average price of $27.69 and a two-hundred day moving average price of $25.79. The stock has a market capitalization of $57.94 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 3.08 and a beta of 0.94. 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 $17.45 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.41%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

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.