Janus Henderson Group PLC Sells 243,411 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Janus Henderson Group PLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 49.2% during the fourth quarter, HoldingsChannel reports. The fund owned 250,974 shares of the pipeline company’s stock after selling 243,411 shares during the quarter. Janus Henderson Group PLC’s holdings in Kinder Morgan were worth $6,880,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of KMI. Park Avenue Securities LLC increased its position in Kinder Morgan by 80.7% during the fourth quarter. Park Avenue Securities LLC now owns 70,104 shares of the pipeline company’s stock valued at $1,921,000 after acquiring an additional 31,308 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Kinder Morgan by 2.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 77,873 shares of the pipeline company’s stock valued at $2,134,000 after acquiring an additional 1,623 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Kinder Morgan by 35.3% in the fourth quarter. Ritholtz Wealth Management now owns 30,718 shares of the pipeline company’s stock worth $842,000 after purchasing an additional 8,013 shares during the last quarter. Everpar Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $234,000. Finally, Relyea Zuckerberg Hanson LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $250,000. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMI. Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Finally, Scotiabank upped their price target on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.79.

Kinder Morgan Stock Up 0.3%

NYSE:KMI opened at $28.09 on Friday. Kinder Morgan, Inc. has a 1-year low of $18.83 and a 1-year high of $31.48. The company has a 50-day moving average of $27.15 and a 200 day moving average of $27.30. The firm has a market cap of $62.41 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business 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%. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.17%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan’s dividend payout ratio is presently 100.86%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 of the company’s stock, valued at approximately $21,970,599.72. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the 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 approximately $5,881,148.65. The trade was a 25.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,503,776. 12.73% of the stock is currently owned by insiders.

Kinder Morgan 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.