Baird Financial Group Inc. Sells 14,027 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Baird Financial Group Inc. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 730,221 shares of the pipeline company’s stock after selling 14,027 shares during the quarter. Baird Financial Group Inc.’s holdings in Kinder Morgan were worth $20,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hurley Capital LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at about $25,000. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of Kinder Morgan by 178.0% during 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. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.4 %

Kinder Morgan stock opened at $27.25 on Wednesday. Kinder Morgan, Inc. has a one year low of $18.65 and a one year high of $31.48. The business’s fifty day moving average is $27.00 and its 200 day moving average is $27.15. 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 stock has a market capitalization of $60.54 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.2925 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan’s dividend payout ratio (DPR) is 100.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a research report on Monday. Finally, Royal Bank of Canada raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 29th. Seven investment 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’s stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $29.79.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the sale, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Insiders sold 111,461 shares of company stock valued at $3,007,516 over the last 90 days. Company insiders own 12.73% of the company’s stock.

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.