D.A. Davidson & CO. Acquires 13,118 Shares of Kinder Morgan, Inc. (NYSE:KMI)

D.A. Davidson & CO. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 618,274 shares of the pipeline company's stock after acquiring an additional 13,118 shares during the quarter. D.A. Davidson & CO.'s holdings in Kinder Morgan were worth $16,941,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KMI. Sumitomo Mitsui Trust Group Inc. increased its holdings in Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock valued at $101,422,000 after purchasing an additional 29,861 shares during the period. Global Retirement Partners LLC increased its stake in shares of Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock valued at $504,000 after buying an additional 776 shares during the period. Principal Financial Group Inc. increased its stake in shares of Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after buying an additional 71,984 shares during the period. Golden State Equity Partners lifted its stake in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock worth $450,000 after acquiring an additional 15,800 shares during the period. Finally, Barclays PLC lifted its stake in shares of Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, 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. In the last quarter, insiders sold 129,461 shares of company stock worth $3,504,136. Insiders own 12.64% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays raised their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Citigroup lifted their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price on the stock. Nine equities 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 stock. According to MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus price target of $29.14.

Kinder Morgan Stock Down 0.7 %

Shares of NYSE KMI traded down $0.19 during midday trading on Friday, hitting $26.41. 21,468,445 shares of the stock traded hands, compared to its average volume of 15,875,047. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a one year low of $17.02 and a one year high of $31.48. The business has a 50 day moving average price of $27.77 and a two-hundred day moving average price of $25.30. The company has a market cap of $58.67 billion, a PE ratio of 22.57, a P/E/G ratio of 3.11 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.36%. Kinder Morgan's payout ratio is 98.29%.

Kinder Morgan Company 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.