Generali Investments Management Co LLC Makes New $213,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Generali Investments Management Co LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 7,760 shares of the pipeline company’s stock, valued at approximately $213,000.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Kinder Morgan by 15.2% in the 3rd quarter. Empowered Funds LLC now owns 172,905 shares of the pipeline company’s stock worth $3,819,000 after buying an additional 22,776 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Kinder Morgan by 49.4% in the 3rd quarter. Natixis Advisors LLC now owns 631,901 shares of the pipeline company’s stock worth $13,959,000 after buying an additional 208,981 shares in the last quarter. AMG National Trust Bank boosted its position in shares of Kinder Morgan by 17.7% in the 3rd quarter. AMG National Trust Bank now owns 23,410 shares of the pipeline company’s stock worth $517,000 after buying an additional 3,524 shares in the last quarter. Meeder Advisory Services Inc. boosted its position in shares of Kinder Morgan by 8.1% in the 3rd quarter. Meeder Advisory Services Inc. now owns 48,999 shares of the pipeline company’s stock worth $1,082,000 after buying an additional 3,675 shares in the last quarter. Finally, New England Asset Management Inc. boosted its position in shares of Kinder Morgan by 2.9% in the 3rd quarter. New England Asset Management Inc. now owns 169,290 shares of the pipeline company’s stock worth $3,740,000 after buying an additional 4,810 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent research reports. Citigroup boosted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Mizuho boosted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial boosted their target price 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. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group boosted their target price 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. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $29.64.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Trading Down 1.0 %

NYSE KMI opened at $27.51 on Wednesday. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The company has a 50-day moving average of $27.59 and a 200-day moving average of $26.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market cap of $61.13 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data 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 net margin of 17.31% and a return on equity of 8.09%. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

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.