Brandywine Global Investment Management LLC Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Brandywine Global Investment Management LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,354,529 shares of the pipeline company’s stock after selling 105,051 shares during the quarter. Brandywine Global Investment Management LLC owned 0.06% of Kinder Morgan worth $37,114,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter valued at $27,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $29,000. Finally, SRS Capital Advisors Inc. raised 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 worth $30,000 after purchasing an additional 703 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was 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 approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,490,996 in the last three months. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Up 0.6 %

NYSE KMI opened at $28.39 on Friday. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market capitalization of $63.07 billion, a PE ratio of 24.26, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a fifty day moving average of $27.48 and a 200 day moving average of $26.38.

Kinder Morgan (NYSE:KMI) last issued 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 net margin of 17.31% and a return on equity of 8.09%. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid 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 dividend yield of 4.05%. Kinder Morgan’s payout ratio is 98.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KMI shares. UBS Group lifted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Truist Financial boosted their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.