Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Schnieders Capital Management LLC

Schnieders Capital Management LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 29.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,863 shares of the pipeline company’s stock after purchasing an additional 12,070 shares during the period. Schnieders Capital Management LLC’s holdings in Kinder Morgan were worth $1,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased 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 valued at $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. Fisher Funds Management LTD purchased a new position in Kinder Morgan during the 4th quarter valued at about $62,534,000. National Bank of Canada FI increased 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 valued at $64,879,000 after acquiring an additional 2,194,489 shares in the last quarter. National Pension Service increased 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 valued at $125,314,000 after acquiring an additional 1,634,631 shares in the last quarter. Finally, Jennison Associates LLC increased 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 valued at $40,420,000 after acquiring an additional 1,319,474 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % 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 $3,504,136 over the last ninety days. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $26.16 on Thursday. Kinder Morgan, Inc. has a 1 year low of $17.02 and a 1 year high of $31.48. The firm has a 50 day moving average price of $27.76 and a 200 day moving average price of $25.44. The company has a market cap of $58.12 billion, a price-to-earnings ratio of 22.35, 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 (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 8.09%. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.40%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KMI shares. Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Finally, Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

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.