Kinder Morgan, Inc. (NYSE:KMI) Stock Position Trimmed by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 43.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 158,668 shares of the pipeline company’s stock after selling 122,886 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Kinder Morgan were worth $3,191,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. LSV Asset Management acquired a new stake in Kinder Morgan in the 1st quarter valued at approximately $8,818,000. Brevan Howard Capital Management LP acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $2,101,000. Duality Advisers LP raised its stake in shares of Kinder Morgan by 42.7% during the first quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after purchasing an additional 94,984 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in Kinder Morgan by 221.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock valued at $4,615,000 after buying an additional 173,313 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in Kinder Morgan by 6.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 2,545,943 shares of the pipeline company’s stock valued at $46,726,000 after buying an additional 144,687 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Truist Financial increased their price target on Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, July 26th. UBS Group boosted their price objective on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $22.55.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated 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 hyperlink. In other news, VP Dax Sanders sold 1,729 shares of the business’s 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 filing with the SEC, which is available at this hyperlink. Also, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,311 shares of company stock valued at $3,121,891. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $21.79 on Monday. The firm has a 50-day moving average of $21.16 and a two-hundred day moving average of $19.74. The firm has a market capitalization of $48.36 billion, a PE ratio of 19.81, a P/E/G ratio of 2.90 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.88.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 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 firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

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.