Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 184,984 shares of the pipeline company’s stock after purchasing an additional 4,862 shares during the period. Geneos Wealth Management Inc.’s holdings in Kinder Morgan were worth $5,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KMI. CX Institutional boosted its stake in shares of Kinder Morgan by 2.3% during the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after buying an additional 354 shares during the last quarter. Sunflower Bank N.A. grew its stake in Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after purchasing an additional 367 shares in the last quarter. Ignite Planners LLC increased its holdings in Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after buying an additional 372 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after buying an additional 385 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Kinder Morgan by 0.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’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 owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 over the last ninety days. Company insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KMI shares. UBS Group upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Scotiabank began coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.92.

Kinder Morgan Trading Down 0.8 %

Shares of KMI stock opened at $30.23 on Friday. The firm has a market capitalization of $67.16 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. 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 1 year low of $16.47 and a 1 year high of $31.48. The stock has a fifty day moving average of $28.03 and a two-hundred day moving average of $24.44.

Kinder Morgan (NYSE:KMI) last announced 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 net margin of 17.31% and a return on equity of 8.10%. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The business 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 dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.80%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

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.