CHICAGO TRUST Co NA Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

CHICAGO TRUST Co NA increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,565 shares of the pipeline company’s stock after acquiring an additional 5,279 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Kinder Morgan were worth $837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMI. Capital Investment Advisors LLC increased its position in shares of Kinder Morgan by 15.7% during the fourth quarter. Capital Investment Advisors LLC now owns 483,913 shares of the pipeline company’s stock worth $13,259,000 after purchasing an additional 65,793 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in Kinder Morgan by 105.8% during the 4th quarter. Fiduciary Alliance LLC now owns 297,755 shares of the pipeline company’s stock worth $8,158,000 after purchasing an additional 153,041 shares during the period. Czech National Bank raised its holdings in shares of Kinder Morgan by 6.5% in the fourth quarter. Czech National Bank now owns 419,075 shares of the pipeline company’s stock valued at $11,483,000 after buying an additional 25,724 shares during the last quarter. ORG Wealth Partners LLC raised its stake in shares of Kinder Morgan by 7.1% during the fourth quarter. ORG Wealth Partners LLC now owns 16,674 shares of the pipeline company’s stock worth $457,000 after purchasing an additional 1,099 shares during the last quarter. Finally, ORG Partners LLC increased its position in Kinder Morgan by 119.4% during the 4th quarter. ORG Partners LLC now owns 8,488 shares of the pipeline company’s stock worth $233,000 after purchasing an additional 4,619 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on KMI. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Truist Financial boosted their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Wells Fargo & Company raised their price target on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group upped their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Kinder Morgan Stock Up 1.0 %

Shares of NYSE KMI traded up $0.29 during midday trading on Monday, reaching $28.45. 3,226,386 shares of the company’s stock were exchanged, compared to its average volume of 10,553,664. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.82. The business’s fifty day moving average price is $27.31 and its two-hundred day moving average price is $23.79. The stock has a market capitalization of $63.21 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value 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 trade represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 745,263 shares of company stock valued at $18,578,014. Company insiders own 12.64% of the company’s stock.

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.