Sunflower Bank N.A. increased its position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,503 shares of the pipeline company’s stock after buying an additional 367 shares during the period. Sunflower Bank N.A.’s holdings in Kinder Morgan were worth $288,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the 3rd quarter worth approximately $28,000. HWG Holdings LP purchased a new stake in Kinder Morgan during the 2nd quarter valued at approximately $30,000. Planning Capital Management Corp grew its holdings in 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 buying an additional 797 shares in the last quarter. Finally, HM Payson & Co. lifted its holdings in shares of Kinder Morgan by 401.8% in 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. Hedge funds and other institutional investors own 62.52% of the company’s stock.
Kinder Morgan Trading Up 1.3 %
Shares of KMI stock traded up $0.36 during trading hours on Monday, reaching $28.52. 11,933,861 shares of the stock were exchanged, compared to its average volume of 11,841,540. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $28.82. The firm has a market capitalization of $63.36 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company’s 50-day moving average price is $27.31 and its 200-day moving average price is $23.79.
Kinder Morgan Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s payout ratio is presently 100.88%.
Insider Buying and Selling
In other news, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the company’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 directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 745,263 shares of company stock valued at $18,578,014 in the last 90 days. Company insiders own 12.64% of the company’s stock.
Analyst Ratings Changes
KMI has been the subject of several research analyst reports. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. The Goldman Sachs Group increased 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. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a research note on Friday. They issued a “sector perform” rating and a $26.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $26.67.
Check Out Our Latest Analysis on KMI
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.
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