Pictet Asset Management Holding SA Grows Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Pictet Asset Management Holding SA grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 223.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,465,980 shares of the pipeline company’s stock after purchasing an additional 2,395,930 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.16% of Kinder Morgan worth $94,968,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Xponance Inc. raised its position in Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock valued at $8,303,000 after purchasing an additional 15,114 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares during the period. Golden State Equity Partners raised its holdings in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after acquiring an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. lifted its stake in Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock worth $62,062,000 after acquiring an additional 44,474 shares during the period. Finally, Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KMI shares. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

Shares of KMI stock opened at $28.39 on Friday. The firm has a market capitalization of $63.07 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock’s 50-day simple moving average is $27.48 and its 200-day simple moving average is $26.38. Kinder Morgan, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48.

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

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.05%. Kinder Morgan’s dividend payout ratio is currently 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.