Kentucky Trust Co Purchases New Stake in Kinder Morgan, Inc. (NYSE:KMI)

Kentucky Trust Co purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,496 shares of the pipeline company’s stock, valued at approximately $68,000.

Other hedge funds have also added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC boosted its holdings in Kinder Morgan by 10.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 16,834 shares of the pipeline company’s stock worth $461,000 after buying an additional 1,553 shares during the last quarter. Leavell Investment Management Inc. boosted its holdings in Kinder Morgan by 680.9% during the fourth quarter. Leavell Investment Management Inc. now owns 109,435 shares of the pipeline company’s stock worth $2,999,000 after buying an additional 95,421 shares during the last quarter. Community Bank & Trust Waco Texas boosted its holdings in Kinder Morgan by 37.3% during the fourth quarter. Community Bank & Trust Waco Texas now owns 57,171 shares of the pipeline company’s stock worth $1,566,000 after buying an additional 15,527 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Kinder Morgan during the fourth quarter worth about $48,000. Finally, Armor Investment Advisors LLC boosted its holdings in Kinder Morgan by 3.2% during the fourth quarter. Armor Investment Advisors LLC now owns 64,114 shares of the pipeline company’s stock worth $1,757,000 after buying an additional 1,965 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Citigroup raised their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $29.14.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 54,000 shares of company stock valued at $1,493,100 in the last 90 days. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Down 1.9 %

Shares of Kinder Morgan stock opened at $26.29 on Thursday. The business’s 50 day simple moving average is $27.87 and its 200 day simple moving average is $25.04. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48. The firm has a market cap of $58.41 billion, a PE ratio of 22.47, a P/E/G ratio of 3.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. On average, analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

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.