OLD National Bancorp IN Acquires 38,869 Shares of Kinder Morgan, Inc. (NYSE:KMI)

OLD National Bancorp IN lifted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,260 shares of the pipeline company's stock after buying an additional 38,869 shares during the quarter. OLD National Bancorp IN's holdings in Kinder Morgan were worth $11,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KMI. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $28,000. Planning Capital Management Corp lifted its holdings in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after buying an additional 797 shares in the last quarter. Finally, HM Payson & Co. lifted its holdings in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after buying an additional 1,145 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Price Performance

KMI opened at $27.30 on Thursday. The stock's 50 day simple moving average is $28.01 and its 200 day simple moving average is $24.60. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The firm has a market cap of $60.64 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 4.13 and a beta of 0.94.

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 for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. As a group, analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share 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 given a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.21%. Kinder Morgan's dividend payout ratio is currently 98.29%.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent analyst reports. Citigroup raised their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday. The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Barclays lifted their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, Bank of America assumed coverage on Kinder Morgan in a report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $29.14.

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.

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