Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Leavell Investment Management Inc.

Leavell Investment Management Inc. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 680.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,435 shares of the pipeline company's stock after purchasing an additional 95,421 shares during the quarter. Leavell Investment Management Inc.'s holdings in Kinder Morgan were worth $2,999,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KMI. Community Bank & Trust Waco Texas increased its holdings in shares of Kinder Morgan by 37.3% in the fourth quarter. Community Bank & Trust Waco Texas now owns 57,171 shares of the pipeline company's stock worth $1,566,000 after purchasing an additional 15,527 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Kinder Morgan during the 4th quarter valued at approximately $48,000. Armor Investment Advisors LLC grew its holdings in Kinder Morgan by 3.2% during the 4th quarter. Armor Investment Advisors LLC now owns 64,114 shares of the pipeline company's stock valued at $1,757,000 after buying an additional 1,965 shares in the last quarter. Focus Financial Network Inc. boosted its position in shares of Kinder Morgan by 7.3% during the 4th quarter. Focus Financial Network Inc. now owns 14,674 shares of the pipeline company's stock valued at $402,000 after acquiring an additional 997 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its position in shares of Kinder Morgan by 34.5% during the 4th quarter. Summit Trail Advisors LLC now owns 38,451 shares of the pipeline company's stock valued at $1,054,000 after acquiring an additional 9,873 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. Mizuho raised their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Citigroup boosted their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and an average price target of $29.14.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 54,000 shares of company stock worth $1,493,100. Insiders own 12.64% of the company's stock.

Kinder Morgan Stock Up 0.2 %

Kinder Morgan stock traded up $0.05 during trading hours on Friday, reaching $26.61. The stock had a trading volume of 12,563,495 shares, compared to its average volume of 16,639,325. The company has a market cap of $59.11 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 3.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The business's 50 day moving average price is $27.80 and its 200-day moving average price is $25.12. Kinder Morgan, Inc. has a 52 week low of $16.51 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued 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 return on equity of 8.09% and a net margin of 17.31%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued 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 4.32%. Kinder Morgan's dividend payout ratio is presently 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.