Canada Pension Plan Investment Board Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Canada Pension Plan Investment Board increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 147.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 352,845 shares of the pipeline company’s stock after buying an additional 210,341 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Kinder Morgan were worth $7,011,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in KMI. True Wealth Design LLC lifted its stake in shares of Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,389 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in Kinder Morgan in the first quarter valued at about $30,000. Redmont Wealth Advisors LLC purchased a new position in Kinder Morgan during the first quarter worth about $31,000. OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan during the first quarter valued at about $31,000. Finally, AlphaMark Advisors LLC raised its stake in shares of Kinder Morgan by 92.5% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock valued at $38,000 after acquiring an additional 925 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $22.21 on Wednesday. The company has a market cap of $49.29 billion, a P/E ratio of 20.19, a PEG ratio of 2.90 and a beta of 0.93. The firm has a fifty day moving average price of $21.24 and a 200 day moving average price of $19.80. 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 12 month low of $15.89 and a 12 month high of $22.33.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the company posted $0.24 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.18%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Analyst Upgrades and Downgrades

KMI has been the subject of several research reports. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price objective on the stock in a report on Monday, September 16th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Friday, July 19th. Truist Financial boosted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.55.

Insider Activity

In related 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 value of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the company’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 completion of the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,311 shares of company stock worth $3,121,891. Corporate insiders own 12.64% of the company’s stock.

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.