Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Colonial Trust Co SC

Colonial Trust Co SC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 53.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,007 shares of the pipeline company’s stock after acquiring an additional 1,046 shares during the period. Colonial Trust Co SC’s holdings in Kinder Morgan were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC boosted its stake in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Kinder Morgan by 44.0% in the third quarter. Franklin Resources Inc. now owns 1,142,956 shares of the pipeline company’s stock valued at $25,248,000 after buying an additional 349,158 shares during the period. Principal Financial Group Inc. boosted its stake in Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after buying an additional 71,984 shares in the last quarter. Fortitude Family Office LLC grew its holdings in Kinder Morgan by 136.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,897 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 1,096 shares during the period. Finally, ORG Partners LLC raised its position in Kinder Morgan by 119.4% in the fourth quarter. ORG Partners LLC now owns 8,488 shares of the pipeline company’s stock worth $233,000 after acquiring an additional 4,619 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total value of $496,260.00. Following the transaction, the president now directly owns 789,652 shares in the company, valued at approximately $21,770,705.64. This represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,503,776 over the last ninety days. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Trading Up 1.0 %

Shares of NYSE:KMI opened at $27.32 on Friday. The firm has a fifty day moving average of $27.02 and a two-hundred day moving average of $27.18. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $18.83 and a 12-month high of $31.48. The firm has a market capitalization of $60.71 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMI. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a research report on Monday. Morgan Stanley upped their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Royal Bank of Canada lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 29th. Scotiabank upped their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a “sector perform” rating in a report on Monday, April 21st. Finally, Mizuho lifted their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Seven equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.79.

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.