AGF Management Ltd. Sells 37,262 Shares of Kinder Morgan, Inc. (NYSE:KMI)

AGF Management Ltd. decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 396,386 shares of the pipeline company’s stock after selling 37,262 shares during the period. AGF Management Ltd.’s holdings in Kinder Morgan were worth $10,861,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $29,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 703 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated 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 of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,490,996 over the last ninety days. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $26.46 on Wednesday. Kinder Morgan, Inc. has a one year low of $17.45 and a one year high of $31.48. The stock’s fifty day moving average is $27.67 and its 200 day moving average is $25.82. The stock has a market cap of $58.78 billion, a P/E ratio of 22.61, a P/E/G 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 (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.35%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Wall Street Analyst Weigh In

KMI has been the subject of a number of recent analyst reports. Truist Financial upped their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Mizuho increased their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.