Allen Capital Group LLC Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Allen Capital Group LLC boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 207,235 shares of the pipeline company’s stock after buying an additional 16,818 shares during the quarter. Allen Capital Group LLC’s holdings in Kinder Morgan were worth $5,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Iams Wealth Management LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at about $211,000. SteelPeak Wealth LLC increased its position in Kinder Morgan by 3.0% during the fourth quarter. SteelPeak Wealth LLC now owns 55,225 shares of the pipeline company’s stock worth $1,513,000 after buying an additional 1,614 shares during the period. Stonegate Investment Group LLC lifted its stake in Kinder Morgan by 3.9% in the fourth quarter. Stonegate Investment Group LLC now owns 25,846 shares of the pipeline company’s stock valued at $708,000 after buying an additional 980 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 18.2% in the fourth quarter. Perigon Wealth Management LLC now owns 14,170 shares of the pipeline company’s stock valued at $426,000 after acquiring an additional 2,183 shares during the period. Finally, W Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth approximately $223,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’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 sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,121 shares of company stock worth $1,497,000. 12.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on KMI. Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Barclays lifted their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Trading Up 0.5 %

Shares of KMI opened at $27.59 on Wednesday. The firm’s 50-day moving average is $28.01 and its two-hundred day moving average is $24.60. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $61.29 billion, a P/E ratio of 23.53, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. On average, research analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.17%. Kinder Morgan’s payout ratio is 98.29%.

Kinder Morgan Company 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.