Pensionfund Sabic Purchases 10,000 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Pensionfund Sabic grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,000 shares of the pipeline company’s stock after acquiring an additional 10,000 shares during the period. Pensionfund Sabic’s holdings in Kinder Morgan were worth $2,055,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Modus Advisors LLC bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the 3rd quarter valued at $28,000. Planning Capital Management Corp lifted its stake in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares in the last quarter. HM Payson & Co. lifted its position in shares of Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,145 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Kinder Morgan by 63.0% in the third quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock valued at $33,000 after purchasing an additional 571 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.24 during midday trading on Monday, reaching $28.03. 1,651,746 shares of the stock were exchanged, compared to its average volume of 8,193,923. The firm has a 50-day simple moving average of $26.96 and a two-hundred day simple moving average of $23.50. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $28.81. The firm has a market cap of $62.27 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 3.87 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 over the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMI. Truist Financial raised their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Barclays increased their price objective on shares of Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group increased their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $26.25.

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.