National Pension Service Purchases 1,634,631 Shares of Kinder Morgan, Inc. (NYSE:KMI)

National Pension Service boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 55.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,573,495 shares of the pipeline company’s stock after acquiring an additional 1,634,631 shares during the period. National Pension Service’s holdings in Kinder Morgan were worth $125,314,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan in the 4th quarter worth $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan in the 4th quarter worth $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter worth $27,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter worth $29,000. Finally, Planning Capital Management Corp boosted its stake in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.2 %

Shares of Kinder Morgan stock opened at $26.16 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a market capitalization of $58.12 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $17.02 and a 52-week high of $31.48. The company has a 50-day simple moving average of $27.76 and a two-hundred day simple moving average of $25.44.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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 anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.40%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,504,136. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KMI shares. Barclays lifted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Mizuho lifted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Morgan Stanley lifted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Truist Financial lifted 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. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

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.