Harel Insurance Investments & Financial Services Ltd. Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,612 shares of the pipeline company’s stock, valued at approximately $72,000.

Several other institutional investors have also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter valued at about $28,000. HWG Holdings LP acquired a new position in Kinder Morgan in the second quarter valued at about $30,000. Finally, Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 over the last ninety days. Insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.8 %

NYSE:KMI opened at $30.23 on Friday. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The stock has a market cap of $67.16 billion, a P/E ratio of 25.84, a P/E/G ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a 50-day simple moving average of $28.03 and a 200-day simple moving average of $24.44.

Kinder Morgan (NYSE:KMI) last announced its quarterly 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 8.10%. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.27 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. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 3.80%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday. Wells Fargo & Company raised their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Finally, Scotiabank initiated coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.92.

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.