Natixis Advisors LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 16.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 738,280 shares of the pipeline company's stock after acquiring an additional 106,379 shares during the quarter. Natixis Advisors LLC's holdings in Kinder Morgan were worth $20,229,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in 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 worth $50,624,000 after buying an additional 71,984 shares during the last quarter. Golden State Equity Partners raised its holdings in 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 worth $450,000 after acquiring an additional 15,800 shares during the last quarter. Barclays PLC lifted its position in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. UMB Bank n.a. boosted its stake in Kinder Morgan by 116.1% during the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company's stock valued at $5,772,000 after purchasing an additional 113,173 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of Kinder Morgan by 2,388.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 397,332 shares of the pipeline company's stock worth $8,777,000 after purchasing an additional 381,365 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.
Insider Activity
In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred 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 $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company'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 owns 843,652 shares of the company's stock, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 over the last ninety days. Corporate insiders own 12.64% of the company's stock.
Analysts Set New Price Targets
KMI has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Finally, Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.64.
Read Our Latest Research Report on Kinder Morgan
Kinder Morgan Stock Performance
KMI traded down $0.17 during midday trading on Friday, reaching $27.90. The company had a trading volume of 19,504,849 shares, compared to its average volume of 13,169,828. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. 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 $61.98 billion, a P/E ratio of 23.84, a P/E/G ratio of 3.08 and a beta of 0.94. The business has a 50-day moving average of $27.57 and a two-hundred day moving average of $26.09.
Kinder Morgan (NYSE:KMI - Get Free Report) last released its 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 return on equity of 8.09% and a net margin of 17.31%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.
Kinder Morgan Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.12%. Kinder Morgan's dividend payout ratio is presently 98.29%.
Kinder Morgan Company Profile
(
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.
Read More
Before you consider Kinder Morgan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinder Morgan wasn't on the list.
While Kinder Morgan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
