Tower Research Capital LLC TRC Buys 25,798 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Tower Research Capital LLC TRC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 39.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,838 shares of the pipeline company's stock after purchasing an additional 25,798 shares during the quarter. Tower Research Capital LLC TRC's holdings in Kinder Morgan were worth $2,489,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Transce3nd LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $54,000. Mirabella Financial Services LLP acquired a new stake in Kinder Morgan during the fourth quarter valued at $2,180,000. MML Investors Services LLC increased its position in Kinder Morgan by 3.9% in the 4th quarter. MML Investors Services LLC now owns 447,405 shares of the pipeline company's stock worth $12,259,000 after purchasing an additional 16,715 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Kinder Morgan by 1.9% in the 4th quarter. MetLife Investment Management LLC now owns 511,680 shares of the pipeline company's stock valued at $14,020,000 after buying an additional 9,456 shares in the last quarter. Finally, Ossiam acquired a new position in Kinder Morgan in the fourth quarter worth approximately $183,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several analyst reports. Truist Financial lifted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. UBS Group increased their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Scotiabank increased their price objective on Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, Morgan Stanley upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the sale, the president now directly 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan 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 completion of the sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 in the last quarter. 12.73% of the stock is currently owned by corporate insiders.

Kinder Morgan Trading Down 0.1 %

Shares of NYSE:KMI traded down $0.02 during midday trading on Friday, hitting $26.85. The company had a trading volume of 9,261,959 shares, compared to its average volume of 13,943,626. The stock has a market cap of $59.66 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 3.08 and a beta of 0.72. The firm has a fifty day simple moving average of $26.94 and a 200 day simple moving average of $26.99. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12 month low of $18.13 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.36%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's dividend payout ratio is currently 100.86%.

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.