Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 733,767 shares of the pipeline company’s stock after acquiring an additional 1,862 shares during the period. Kinder Morgan makes up approximately 2.2% of Richard C. Young & CO. LTD.’s investment portfolio, making the stock its 9th largest position. Richard C. Young & CO. LTD.’s holdings in Kinder Morgan were worth $20,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in KMI. CX Institutional boosted its stake in shares of Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after acquiring an additional 354 shares during the last quarter. Sunflower Bank N.A. raised its position in shares of Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after buying an additional 367 shares during the last quarter. Ignite Planners LLC boosted its position in Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after acquiring an additional 372 shares during the last quarter. Eagle Bay Advisors LLC grew its stake in Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock worth $142,000 after acquiring an additional 385 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of Kinder Morgan by 0.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after purchasing an additional 414 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 54,000 shares of company stock worth $1,493,100 over the last quarter. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $27.07 on Friday. The firm has a market cap of $60.13 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The firm’s 50-day simple moving average is $27.89 and its 200-day simple moving average is $24.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. Equities analysts forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KMI shares. Barclays raised their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada boosted their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Truist Financial lifted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Finally, Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Nine investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

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.