Hartford Investment Management Co. Sells 1,905 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Hartford Investment Management Co. lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,372 shares of the pipeline company’s stock after selling 1,905 shares during the period. Hartford Investment Management Co.’s holdings in Kinder Morgan were worth $2,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KMI. Moneta Group Investment Advisors LLC grew its position in Kinder Morgan by 102,208.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after buying an additional 41,030,376 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Kinder Morgan by 1,352.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after purchasing an additional 34,269,435 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kinder Morgan by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after purchasing an additional 87,516 shares during the period. Morgan Stanley increased its holdings in Kinder Morgan by 8.9% in the 4th quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock valued at $408,128,000 after buying an additional 1,846,231 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Kinder Morgan by 3.0% during the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after acquiring an additional 639,467 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $18.44 on Friday. The company has a market capitalization of $40.91 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 5.22 and a beta of 0.90. The business has a 50-day moving average of $17.47 and a 200-day moving average of $17.26. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.72.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend was Tuesday, January 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 105.61%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMI. Truist Financial reiterated a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $20.20.

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.