Goelzer Investment Management Inc. Invests $1.51 Million in Kinder Morgan, Inc. $KMI

Goelzer Investment Management Inc. bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 55,007 shares of the pipeline company’s stock, valued at approximately $1,512,000.

Several other institutional investors also recently bought and sold shares of KMI. Vanguard Group Inc. increased its position in shares of Kinder Morgan by 0.4% during the third quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock worth $5,891,773,000 after purchasing an additional 896,837 shares in the last quarter. Orbis Allan Gray Ltd lifted its holdings in shares of Kinder Morgan by 3.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after purchasing an additional 670,856 shares during the last quarter. Invesco Ltd. boosted its position in shares of Kinder Morgan by 1.0% in the 3rd quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock worth $627,502,000 after purchasing an additional 216,039 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Kinder Morgan by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock worth $468,588,000 after buying an additional 205,820 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Kinder Morgan by 1.4% during the 3rd quarter. Legal & General Group Plc now owns 15,878,898 shares of the pipeline company’s stock valued at $449,532,000 after buying an additional 213,741 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kinder Morgan news, Director William A. Smith bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the transaction, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the sale, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 48,048 shares of company stock worth $1,469,863. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 0.0%

Shares of NYSE:KMI opened at $34.05 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $34.73. The stock has a market cap of $75.74 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 3.12 and a beta of 0.68. The business has a 50-day moving average price of $31.97 and a 200-day moving average price of $28.86.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is 85.40%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KMI. TD Cowen upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. UBS Group restated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research note on Friday, December 12th. Royal Bank Of Canada upped their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Truist Financial began coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective for the company. Finally, Morgan Stanley lifted their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $34.21.

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About Kinder Morgan

(Free Report)

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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