18,557 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Hickory Point Bank & Trust

Hickory Point Bank & Trust bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,557 shares of the pipeline company’s stock, valued at approximately $508,000.

Several other large investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. Fisher Funds Management LTD acquired a new position in Kinder Morgan during the 4th quarter worth approximately $62,534,000. National Bank of Canada FI grew its holdings in Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after acquiring an additional 2,194,489 shares in the last quarter. National Pension Service grew its holdings in Kinder Morgan by 55.6% during the 4th quarter. National Pension Service now owns 4,573,495 shares of the pipeline company’s stock worth $125,314,000 after acquiring an additional 1,634,631 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in Kinder Morgan by 847.4% during the 4th quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock worth $40,420,000 after acquiring an additional 1,319,474 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 3.4 %

Shares of Kinder Morgan stock opened at $27.09 on Friday. The company has a market cap of $60.19 billion, a P/E ratio of 23.15, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a one year low of $17.18 and a one year high of $31.48. The firm has a fifty day moving average of $27.77 and a two-hundred day moving average of $25.52.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 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%. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were 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 in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,504,136 over the last 90 days. Company insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several analyst reports. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Morgan Stanley upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, UBS Group upped their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Eight 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 company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

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.