Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by FineMark National Bank & Trust

FineMark National Bank & Trust boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,662 shares of the pipeline company’s stock after purchasing an additional 511 shares during the period. FineMark National Bank & Trust’s holdings in Kinder Morgan were worth $1,498,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KMI. Great Valley Advisor Group Inc. grew its position in Kinder Morgan by 2.6% in the third quarter. Great Valley Advisor Group Inc. now owns 34,670 shares of the pipeline company’s stock worth $766,000 after acquiring an additional 895 shares during the period. Cerity Partners LLC grew its holdings in shares of Kinder Morgan by 8.4% during the 3rd quarter. Cerity Partners LLC now owns 778,474 shares of the pipeline company’s stock worth $17,197,000 after purchasing an additional 60,516 shares during the period. Kingsview Wealth Management LLC increased its position in shares of Kinder Morgan by 1.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock worth $1,221,000 after purchasing an additional 521 shares during the last quarter. Centaurus Financial Inc. raised its holdings in Kinder Morgan by 30.6% in the 3rd quarter. Centaurus Financial Inc. now owns 11,947 shares of the pipeline company’s stock valued at $264,000 after buying an additional 2,796 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in Kinder Morgan by 13.1% in the third quarter. Summit Trail Advisors LLC now owns 28,578 shares of the pipeline company’s stock valued at $631,000 after buying an additional 3,317 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.3 %

Shares of NYSE KMI opened at $28.80 on Wednesday. The business has a 50-day moving average of $27.57 and a two-hundred day moving average of $26.26. The company has a market capitalization of $63.99 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 3.99%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Analyst Ratings Changes

KMI has been the topic of a number of research analyst reports. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $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 three months, insiders have sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by company insiders.

About Kinder Morgan

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.