Crews Bank & Trust Makes New $651,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Crews Bank & Trust bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,746 shares of the pipeline company's stock, valued at approximately $651,000.

Several other hedge funds have also modified their holdings of the stock. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% in the third 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 last quarter. Finally, HM Payson & Co. lifted its stake in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,145 shares during the period. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

KMI has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 22nd. Truist Financial boosted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.14.

Kinder Morgan Stock Up 1.2 %

KMI opened at $27.63 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock's fifty day simple moving average is $28.01 and its 200 day simple moving average is $24.60. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The stock has a market cap of $61.38 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly 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, research analysts expect that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.16%. Kinder Morgan's dividend payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired 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 of the company's stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock valued at $1,497,000 over the last three months. 12.64% of the stock is owned by insiders.

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.

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