United Services Automobile Association Has $1.07 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

United Services Automobile Association grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,678 shares of the pipeline company’s stock after acquiring an additional 11,164 shares during the period. United Services Automobile Association’s holdings in Kinder Morgan were worth $1,070,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $409,063,000. J.P. Morgan Private Wealth Advisors LLC bought a new position in Kinder Morgan in the 3rd quarter valued at about $99,908,000. Invesco Ltd. lifted its position in Kinder Morgan by 29.4% in the 3rd quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after acquiring an additional 4,870,444 shares in the last quarter. Bank of Nova Scotia lifted its position in Kinder Morgan by 2,463.8% in the 3rd quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock valued at $73,678,000 after acquiring an additional 4,270,461 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Kinder Morgan by 1,121.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company’s stock valued at $65,750,000 after acquiring an additional 3,640,939 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and a consensus price target of $20.20.

Get Our Latest Stock Analysis on Kinder Morgan

Insider Transactions at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.14 during mid-day trading on Wednesday, reaching $18.93. The company’s stock had a trading volume of 658,481 shares, compared to its average volume of 13,659,682. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $19.93. The company has a market capitalization of $42.01 billion, a P/E ratio of 17.34, a PEG ratio of 2.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The firm’s fifty day moving average price is $18.65 and its two-hundred day moving average price is $17.84.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data 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 net margin of 16.08% and a return on equity of 7.85%. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the business earned $0.30 EPS. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal 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 given a dividend of $0.2875 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date was Monday, April 29th. Kinder Morgan’s payout ratio is 104.55%.

Kinder Morgan Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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