Summit Financial LLC Purchases 28,420 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Summit Financial LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 258.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,435 shares of the pipeline company's stock after purchasing an additional 28,420 shares during the period. Summit Financial LLC's holdings in Kinder Morgan were worth $1,081,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC grew its position in Kinder Morgan by 15.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 523,550 shares of the pipeline company's stock worth $14,345,000 after acquiring an additional 69,085 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $208,000. CIBC Private Wealth Group LLC raised its holdings in shares of Kinder Morgan by 7.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 483,434 shares of the pipeline company's stock valued at $13,676,000 after buying an additional 32,243 shares during the last quarter. L & S Advisors Inc acquired a new position in Kinder Morgan during the 4th quarter worth about $3,890,000. Finally, Strategy Asset Managers LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $7,821,000. Institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of research reports. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial increased their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a research note on Monday, March 3rd. Royal Bank of Canada lifted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $29.64.

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Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares of the company's stock, valued at $21,970,599.72. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,461 shares of company stock worth $2,988,616 over the last ninety days. Insiders own 12.81% of the company's stock.

Kinder Morgan Trading Down 4.2 %

Shares of KMI traded down $1.21 during trading hours on Thursday, reaching $27.72. The stock had a trading volume of 16,696,917 shares, compared to its average volume of 13,716,363. The firm has a 50-day moving average of $27.35 and a 200 day moving average of $26.54. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market cap of $61.58 billion, a P/E ratio of 23.69, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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%. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is presently 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.