Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,115 shares of the pipeline company’s stock after selling 2,537 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Kinder Morgan were worth $1,708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. O ROURKE & COMPANY Inc lifted its stake in shares of Kinder Morgan by 5.5% in the 1st quarter. O ROURKE & COMPANY Inc now owns 42,078 shares of the pipeline company’s stock valued at $772,000 after purchasing an additional 2,179 shares in the last quarter. Kowal Investment Group LLC raised its holdings in shares of Kinder Morgan by 15.2% during the 1st quarter. Kowal Investment Group LLC now owns 16,859 shares of the pipeline company’s stock valued at $309,000 after buying an additional 2,223 shares during the period. Mirador Capital Partners LP raised its holdings in shares of Kinder Morgan by 7.9% during the 1st quarter. Mirador Capital Partners LP now owns 283,656 shares of the pipeline company’s stock valued at $5,202,000 after buying an additional 20,804 shares during the period. LVW Advisors LLC raised its holdings in shares of Kinder Morgan by 36.4% during the 1st quarter. LVW Advisors LLC now owns 24,226 shares of the pipeline company’s stock valued at $444,000 after buying an additional 6,464 shares during the period. Finally, SteelPeak Wealth LLC raised its holdings in shares of Kinder Morgan by 49.9% during the 1st quarter. SteelPeak Wealth LLC now owns 48,938 shares of the pipeline company’s stock valued at $898,000 after buying an additional 16,292 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $19.96 on Thursday. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $20.19. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $44.30 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 3.14 and a beta of 0.93. The business has a 50 day simple moving average of $19.36 and a 200-day simple moving average of $18.26.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the business earned $0.30 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.76%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. Kinder Morgan’s payout ratio is 104.55%.

Analysts Set New Price Targets

Several equities research analysts recently commented on KMI shares. UBS Group raised their target price on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Truist Financial reiterated a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Finally, Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Insider Activity

In other news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The disclosure for this sale can be found here. Company insiders own 12.81% of the company’s stock.

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.