1,950 Shares in Kinder Morgan, Inc. (NYSE:KMI) Bought by Norwood Financial Corp

Norwood Financial Corp bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,950 shares of the pipeline company’s stock, valued at approximately $36,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pinnacle Bancorp Inc. boosted its position in shares of Kinder Morgan by 138.9% during the first quarter. Pinnacle Bancorp Inc. now owns 3,096 shares of the pipeline company’s stock worth $57,000 after acquiring an additional 1,800 shares during the last quarter. 180 Wealth Advisors LLC boosted its position in shares of Kinder Morgan by 3.7% during the first quarter. 180 Wealth Advisors LLC now owns 18,421 shares of the pipeline company’s stock worth $338,000 after acquiring an additional 652 shares during the last quarter. Stokes Capital Advisors LLC raised its stake in Kinder Morgan by 0.9% during the first quarter. Stokes Capital Advisors LLC now owns 150,579 shares of the pipeline company’s stock valued at $2,762,000 after purchasing an additional 1,405 shares in the last quarter. Ausbil Investment Management Ltd raised its stake in Kinder Morgan by 8.8% during the first quarter. Ausbil Investment Management Ltd now owns 273,937 shares of the pipeline company’s stock valued at $5,043,000 after purchasing an additional 22,112 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its stake in Kinder Morgan by 17.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 43,710 shares of the pipeline company’s stock valued at $802,000 after purchasing an additional 6,354 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on KMI. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, UBS Group increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Kinder Morgan Trading Up 0.6 %

KMI stock traded up $0.11 during trading on Friday, hitting $19.87. The company had a trading volume of 42,271,560 shares, compared to its average volume of 13,750,955. The firm has a market capitalization of $44.10 billion, a P/E ratio of 18.06, a PEG ratio of 3.12 and a beta of 0.92. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $20.19. The company has a 50 day simple moving average of $19.32 and a 200-day simple moving average of $18.22. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.79%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

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.