7,897 Shares in Kinder Morgan, Inc. (NYSE:KMI) Bought by Vista Capital Partners Inc.

Vista Capital Partners Inc. acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,897 shares of the pipeline company’s stock, valued at approximately $216,000.

Several other hedge funds also recently added to or reduced their stakes in KMI. Creative Planning increased its position in Kinder Morgan by 5.2% during the 3rd quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock valued at $9,109,000 after buying an additional 20,468 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at about $75,000. Global Retirement Partners LLC increased its holdings in shares of Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after purchasing an additional 776 shares during the period. Blue Trust Inc. increased its holdings in shares of Kinder Morgan by 47.0% in the third quarter. Blue Trust Inc. now owns 24,818 shares of the pipeline company’s stock valued at $548,000 after purchasing an additional 7,932 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Kinder Morgan by 2.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 100,386 shares of the pipeline company’s stock valued at $2,218,000 after purchasing an additional 2,456 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.8 %

Shares of KMI opened at $26.77 on Wednesday. Kinder Morgan, Inc. has a 52-week low of $17.00 and a 52-week high of $31.48. The company has a market capitalization of $59.49 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. The stock has a fifty day simple moving average of $27.79 and a two-hundred day simple moving average of $25.23. 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 (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 analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KMI shares. Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays upped their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Scotiabank assumed coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial upped their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Insider Buying and Selling

In related news, 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 54,000 shares of company stock valued at $1,493,100. 12.81% of the stock is currently owned by insiders.

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.