Exchange Traded Concepts LLC Decreases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Exchange Traded Concepts LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,997,432 shares of the pipeline company’s stock after selling 70,906 shares during the quarter. Kinder Morgan makes up approximately 1.1% of Exchange Traded Concepts LLC’s holdings, making the stock its 10th largest holding. Exchange Traded Concepts LLC’s holdings in Kinder Morgan were worth $54,730,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Duquesne Family Office LLC increased its holdings in Kinder Morgan by 74.0% in the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the last quarter. Barclays PLC boosted its stake in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. National Bank of Canada FI grew its holdings in Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares during the period. International Assets Investment Management LLC raised its holdings in Kinder Morgan by 1,849.7% in the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after purchasing an additional 2,053,612 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of Kinder Morgan by 295.2% during the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock worth $37,185,000 after purchasing an additional 1,257,428 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $30.38 on Friday. The business’s 50 day moving average is $27.90 and its 200-day moving average is $24.32. The firm has a market cap of $67.48 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 3.79%. Kinder Morgan’s dividend payout ratio is 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,121 shares of company stock worth $1,497,000 over the last ninety days. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KMI shares. Barclays boosted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Royal Bank of Canada increased their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial increased their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.92.

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.