Adirondack Trust Co. Buys 1,293 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Adirondack Trust Co. increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 102.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,554 shares of the pipeline company’s stock after purchasing an additional 1,293 shares during the quarter. Adirondack Trust Co.’s holdings in Kinder Morgan were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Canada Pension Plan Investment Board raised its position in shares of Kinder Morgan by 147.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock valued at $7,011,000 after acquiring an additional 210,341 shares during the period. AE Wealth Management LLC boosted its position in shares of Kinder Morgan by 9.3% during the second quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock worth $932,000 after buying an additional 4,003 shares during the period. Sei Investments Co. grew its stake in shares of Kinder Morgan by 14.6% during the 2nd quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock worth $15,973,000 after acquiring an additional 102,447 shares in the last quarter. ProShare Advisors LLC grew its position in Kinder Morgan by 4.5% in the second quarter. ProShare Advisors LLC now owns 540,050 shares of the pipeline company’s stock valued at $10,731,000 after purchasing an additional 23,039 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new position in shares of Kinder Morgan in the 2nd quarter valued at about $2,561,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $30.79 on Thursday. The company has a market capitalization of $68.40 billion, a P/E ratio of 27.01, a P/E/G ratio of 4.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The business has a 50 day moving average of $27.90 and a 200-day moving average of $24.32.

Kinder Morgan (NYSE:KMI) last posted 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 return on equity of 7.87% and a net margin of 16.76%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 3.74%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Insider Activity

In other news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock worth $1,497,000 in the last three months. Company insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. The Goldman Sachs Group boosted their price objective 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. Truist Financial upped their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada increased their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

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.