CoreCap Advisors LLC Buys 17,917 Shares of Kinder Morgan, Inc. (NYSE:KMI)

CoreCap Advisors LLC increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 254.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,946 shares of the pipeline company’s stock after purchasing an additional 17,917 shares during the quarter. CoreCap Advisors LLC’s holdings in Kinder Morgan were worth $684,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Corigliano Investment Advisers LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $2,548,000. Castle Hook Partners LP grew its holdings in Kinder Morgan by 4.5% in the fourth quarter. Castle Hook Partners LP now owns 7,953,656 shares of the pipeline company’s stock worth $217,930,000 after purchasing an additional 341,749 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Kinder Morgan by 5.6% during the fourth quarter. Cetera Investment Advisers now owns 1,512,452 shares of the pipeline company’s stock worth $41,441,000 after purchasing an additional 79,631 shares in the last quarter. BOKF NA lifted its holdings in shares of Kinder Morgan by 67.8% during the 4th quarter. BOKF NA now owns 98,444 shares of the pipeline company’s stock valued at $2,772,000 after purchasing an additional 39,760 shares during the last quarter. Finally, BROOKFIELD Corp ON boosted its position in shares of Kinder Morgan by 395.8% in the 4th quarter. BROOKFIELD Corp ON now owns 2,587,605 shares of the pipeline company’s stock worth $70,900,000 after purchasing an additional 2,065,719 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Truist Financial lifted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. UBS Group upped their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 29th. Finally, Scotiabank raised their target price on Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, April 21st. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $29.79.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. This represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated 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 completion of the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,503,776 in the last three months. 12.73% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

NYSE:KMI opened at $27.32 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a 50 day moving average price of $27.02 and a 200-day moving average price of $27.18. Kinder Morgan, Inc. has a 1-year low of $18.83 and a 1-year high of $31.48. The firm has a market cap of $60.71 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.2925 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.28%. The ex-dividend date is Wednesday, April 30th. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

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.