Jones Financial Companies Lllp Grows Stake in Kinder Morgan, Inc. (NYSE:KMI)

Jones Financial Companies Lllp lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 52.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,092 shares of the pipeline company’s stock after purchasing an additional 57,639 shares during the period. Jones Financial Companies Lllp’s holdings in Kinder Morgan were worth $4,578,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter worth about $27,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter valued at about $29,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.4 %

Shares of Kinder Morgan stock opened at $27.04 on Wednesday. The company has a 50 day simple moving average of $27.76 and a two-hundred day simple moving average of $25.64. The firm has a market cap of $60.07 billion, a PE 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. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last announced its 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%. Analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued 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 dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio is 98.29%.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMI. Truist Financial lifted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company raised their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.21.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the transaction, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value 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 represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 111,461 shares of company stock worth $3,012,016 in the last quarter. 12.64% of the stock is owned by insiders.

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.