Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 579,067 shares of the pipeline company’s stock after acquiring an additional 4,991 shares during the period. Arizona State Retirement System’s holdings in Kinder Morgan were worth $11,506,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KMI. Vanguard Group Inc. lifted its position in Kinder Morgan by 15.8% during the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after buying an additional 27,254,172 shares during the period. Norges Bank purchased a new position in shares of Kinder Morgan during the 4th quarter worth about $409,063,000. Dimensional Fund Advisors LP boosted its position in shares of Kinder Morgan by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock worth $289,087,000 after acquiring an additional 2,309,550 shares during the last quarter. Clearbridge Investments LLC grew its holdings in Kinder Morgan by 23.6% in the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after purchasing an additional 2,125,648 shares during the period. Finally, Energy Income Partners LLC increased its position in Kinder Morgan by 2.6% during the first quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock worth $196,558,000 after purchasing an additional 272,648 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The disclosure for this sale can be found here. Over the last quarter, insiders sold 148,311 shares of company stock worth $3,121,891. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $21.13 on Friday. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $21.86. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The firm has a market cap of $46.90 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 3.00 and a beta of 0.93. The company has a fifty day simple moving average of $20.89 and a 200 day simple moving average of $19.45.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s payout ratio is currently 104.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMI. Barclays boosted their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Truist Financial upped their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

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.