Harel Insurance Investments & Financial Services Ltd. Makes New $72,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,612 shares of the pipeline company’s stock, valued at approximately $72,000.

Other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC raised its position in Kinder Morgan by 11.2% during the 2nd quarter. AQR Capital Management LLC now owns 457,238 shares of the pipeline company’s stock worth $9,040,000 after buying an additional 45,917 shares during the last quarter. APG Asset Management N.V. purchased a new position in shares of Kinder Morgan during the second quarter worth $10,384,000. Daymark Wealth Partners LLC acquired a new position in Kinder Morgan during the second quarter valued at $202,000. MBB Public Markets I LLC purchased a new stake in Kinder Morgan in the second quarter valued at $2,747,000. Finally, The Manufacturers Life Insurance Company grew its position in Kinder Morgan by 2.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,113,709 shares of the pipeline company’s stock worth $81,739,000 after purchasing an additional 83,111 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,121 shares of company stock valued at $1,497,000 in the last 90 days. 12.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KMI shares. Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Finally, Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.92.

Kinder Morgan Stock Down 0.8 %

KMI stock opened at $30.23 on Friday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a 50-day simple moving average of $28.03 and a 200-day simple moving average of $24.44. The stock has a market capitalization of $67.16 billion, a P/E ratio of 25.84, a P/E/G ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. Equities analysts forecast that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 3.80%. Kinder Morgan’s payout ratio is currently 98.29%.

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.