Americana Partners LLC Raises Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Americana Partners LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 50.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,105,779 shares of the pipeline company's stock after acquiring an additional 372,190 shares during the quarter. Kinder Morgan comprises about 1.2% of Americana Partners LLC's holdings, making the stock its 19th biggest holding. Americana Partners LLC's holdings in Kinder Morgan were worth $30,298,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KMI. Philip James Wealth Mangement LLC bought a new stake in Kinder Morgan during the fourth quarter valued at approximately $211,000. JFS Wealth Advisors LLC lifted its position in Kinder Morgan by 36.3% during the fourth quarter. JFS Wealth Advisors LLC now owns 3,104 shares of the pipeline company's stock valued at $85,000 after purchasing an additional 827 shares during the last quarter. Monument Capital Management bought a new stake in Kinder Morgan during the fourth quarter valued at approximately $463,000. J.W. Cole Advisors Inc. lifted its position in Kinder Morgan by 38.7% during the fourth quarter. J.W. Cole Advisors Inc. now owns 32,593 shares of the pipeline company's stock valued at $893,000 after purchasing an additional 9,090 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Kinder Morgan during the fourth quarter valued at approximately $202,000. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Truist Financial lifted their price target 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. Scotiabank initiated coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.14.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction on 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 owns 220,681 shares in the company, valued at approximately $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 accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,461 shares of company stock worth $3,504,136. Corporate insiders own 12.64% of the company's stock.

Kinder Morgan Trading Down 1.0 %

NYSE:KMI traded down $0.28 during trading hours on Thursday, hitting $26.61. The company had a trading volume of 12,513,613 shares, compared to its average volume of 15,705,546. The company has a market capitalization of $59.13 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.94. The stock has a 50-day moving average price of $27.79 and a 200 day moving average price of $25.25. Kinder Morgan, Inc. has a 52 week low of $17.02 and a 52 week 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 - 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 8.09%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.32%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is currently 98.29%.

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.