Cookson Peirce & Co. Inc. Reduces Position in Kinder Morgan, Inc. (NYSE:KMI)

Cookson Peirce & Co. Inc. lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,472,022 shares of the pipeline company’s stock after selling 1,650 shares during the quarter. Kinder Morgan makes up approximately 1.8% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 17th biggest position. Cookson Peirce & Co. Inc. owned approximately 0.07% of Kinder Morgan worth $40,333,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its stake in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. Fisher Funds Management LTD purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $62,534,000. National Bank of Canada FI lifted its position in Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after acquiring an additional 2,194,489 shares during the period. National Pension Service grew its stake in shares of Kinder Morgan by 55.6% in the 4th quarter. National Pension Service now owns 4,573,495 shares of the pipeline company’s stock valued at $125,314,000 after purchasing an additional 1,634,631 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Kinder Morgan by 847.4% in the fourth quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock valued at $40,420,000 after purchasing an additional 1,319,474 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley boosted their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.21.

Insider Activity

In related news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,461 shares of company stock worth $3,012,016 over the last ninety days. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.04 on Wednesday. The business has a 50 day moving average price of $27.76 and a 200 day moving average price of $25.64. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market capitalization of $60.07 billion, a P/E ratio of 23.11, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $17.45 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

About Kinder Morgan

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.