Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,747,091 shares of the pipeline company’s stock after selling 19,390 shares during the period. Truist Financial Corp’s holdings in Kinder Morgan were worth $49,845,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Kinder Morgan by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company’s stock valued at $5,557,983,000 after purchasing an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kinder Morgan by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company’s stock valued at $1,414,813,000 after purchasing an additional 1,252,609 shares during the last quarter. Norges Bank acquired a new stake in Kinder Morgan in the fourth quarter valued at $917,523,000. Northern Trust Corp grew its holdings in Kinder Morgan by 8.3% in the fourth quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company’s stock valued at $573,834,000 after purchasing an additional 1,608,499 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in Kinder Morgan by 16.8% in the fourth quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company’s stock valued at $403,101,000 after purchasing an additional 2,116,576 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $28.37 on Friday. The business’s 50-day moving average price is $27.80 and its 200 day moving average price is $27.55. Kinder Morgan, Inc. has a twelve month low of $19.68 and a twelve month high of $31.48. The company has a market capitalization of $63.03 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.12%. Kinder Morgan’s dividend payout ratio is 100.86%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. Barclays restated an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Finally, Scotiabank upped their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, June 5th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.29.

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.