CoreFirst Bank & Trust Makes New $47,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

CoreFirst Bank & Trust acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,700 shares of the pipeline company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Xponance Inc. lifted its holdings in shares of Kinder Morgan by 5.2% during the fourth quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock valued at $8,303,000 after acquiring an additional 15,114 shares during the period. Principal Financial Group Inc. increased its position in shares of Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares in the last quarter. Golden State Equity Partners lifted its holdings in Kinder Morgan by 2,507.9% during the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after purchasing an additional 15,800 shares during the last quarter. Royal London Asset Management Ltd. boosted its position in Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock valued at $62,062,000 after buying an additional 44,474 shares in the last quarter. Finally, Barclays PLC grew its stake in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.3 %

NYSE:KMI opened at $28.80 on Wednesday. The stock’s fifty day simple moving average is $27.57 and its 200-day simple moving average is $26.26. The firm has a market capitalization of $63.99 billion, a P/E ratio of 24.62, a P/E/G ratio of 3.08 and a beta of 0.94. 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, Inc. has a 12-month low of $17.61 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 3.99%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,490,996 over the last three months. 12.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of several recent analyst reports. Mizuho boosted their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Truist Financial increased their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $29.64.

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.