UMB Bank n.a. Sells 39,440 Shares of Kinder Morgan, Inc. (NYSE:KMI)

UMB Bank n.a. lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,883 shares of the pipeline company’s stock after selling 39,440 shares during the period. UMB Bank n.a.’s holdings in Kinder Morgan were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in KMI. Moneta Group Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 41,030,376 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Kinder Morgan by 1,352.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after acquiring an additional 34,269,435 shares during the period. Norges Bank bought a new position in Kinder Morgan during the 4th quarter worth $256,613,000. Cohen & Steers Inc. increased its stake in Kinder Morgan by 1,217.2% during the 2nd quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock worth $173,820,000 after acquiring an additional 9,327,755 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in Kinder Morgan during the 3rd quarter worth $99,908,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.1 %

Shares of KMI stock opened at $18.42 on Wednesday. The stock’s fifty day moving average price is $17.41 and its two-hundred day moving average price is $17.24. The company has a market cap of $40.88 billion, a PE ratio of 17.22, a P/E/G ratio of 5.18 and a beta of 0.90. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent research reports. Truist Financial restated a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.20.

View Our Latest Analysis on KMI

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.

Further Reading

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

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