2,496 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Kentucky Trust Co

Kentucky Trust Co purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,496 shares of the pipeline company’s stock, valued at approximately $68,000.

A number of other large investors have also added to or reduced their stakes in the business. Gladstone Institutional Advisory LLC raised its stake in Kinder Morgan by 10.2% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 16,834 shares of the pipeline company’s stock valued at $461,000 after acquiring an additional 1,553 shares during the period. Leavell Investment Management Inc. raised its stake in Kinder Morgan by 680.9% in the 4th quarter. Leavell Investment Management Inc. now owns 109,435 shares of the pipeline company’s stock valued at $2,999,000 after acquiring an additional 95,421 shares during the period. Community Bank & Trust Waco Texas raised its stake in Kinder Morgan by 37.3% in the 4th quarter. Community Bank & Trust Waco Texas now owns 57,171 shares of the pipeline company’s stock valued at $1,566,000 after acquiring an additional 15,527 shares during the period. Stonebridge Financial Group LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $48,000. Finally, Armor Investment Advisors LLC raised its stake in Kinder Morgan by 3.2% in the 4th quarter. Armor Investment Advisors LLC now owns 64,114 shares of the pipeline company’s stock valued at $1,757,000 after acquiring an additional 1,965 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

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

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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 expect that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KMI. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped 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. Royal Bank of Canada upped 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. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value 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. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 54,000 shares of company stock valued at $1,493,100 over the last ninety days. 12.64% of the stock is owned by corporate insiders.

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.