Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by CX Institutional

CX Institutional boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,661 shares of the pipeline company’s stock after acquiring an additional 354 shares during the quarter. CX Institutional’s holdings in Kinder Morgan were worth $429,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $28,000. HWG Holdings LP acquired a new position in Kinder Morgan during the second quarter worth $30,000. Finally, Planning Capital Management Corp boosted its holdings in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on KMI shares. The Goldman Sachs Group boosted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. 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 research note on Thursday. Royal Bank of Canada upped their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Mizuho raised their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $28.92.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now directly owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock worth $1,497,000 in the last 90 days. 12.64% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $30.23 on Friday. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The firm has a 50-day moving average of $28.03 and a two-hundred day moving average of $24.44. The company has a market capitalization of $67.16 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 4.13 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend 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.