Ashton Thomas Private Wealth LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 57.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,926 shares of the pipeline company's stock after purchasing an additional 28,925 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Kinder Morgan were worth $2,163,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock worth $101,422,000 after purchasing an additional 29,861 shares during the last quarter. Principal Financial Group Inc. lifted its position in Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after buying an additional 71,984 shares in the last quarter. Golden State Equity Partners grew its holdings in shares of Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after acquiring an additional 15,800 shares in the last quarter. Barclays PLC grew its stake in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Kinder Morgan by 116.1% during the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company's stock worth $5,772,000 after purchasing an additional 113,173 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.
Insider Transactions at Kinder Morgan
In related news, VP John W. Schlosser sold 75,461 shares of the firm's 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 sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated 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 owns 861,652 shares of the company's stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently owned by insiders.
Kinder Morgan Price Performance
Shares of NYSE:KMI traded up $0.13 during trading on Wednesday, reaching $26.54. 11,234,763 shares of the company traded hands, compared to its average volume of 13,367,022. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.45 and a 52 week high of $31.48. The firm has a market capitalization of $58.96 billion, a PE ratio of 22.68, a PEG ratio of 3.08 and a beta of 0.94. The company's 50 day moving average is $27.67 and its two-hundred day moving average is $25.82.
Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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%. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.
Kinder Morgan Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.33%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's payout ratio is 98.29%.
Analysts Set New Price Targets
KMI has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. UBS Group upped their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Truist Financial lifted their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.64.
Read Our Latest Stock Report on KMI
About Kinder Morgan
(
Free Report)
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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