South Plains Financial Inc. Purchases New Position in Kinder Morgan, Inc. (NYSE:KMI)

South Plains Financial Inc. acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,089 shares of the pipeline company’s stock, valued at approximately $139,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC purchased a new position in Kinder Morgan in the fourth quarter worth about $25,000. Hurley Capital LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $29,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Up 0.1 %

NYSE KMI opened at $26.33 on Friday. The company’s 50-day simple moving average is $26.96 and its two-hundred day simple moving average is $27.09. Kinder Morgan, Inc. has a one year low of $18.18 and a one year high of $31.48. The company has a market capitalization of $58.50 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

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

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is 100.86%.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred 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 owns 825,652 shares in the company, valued at $21,970,599.72. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock worth $3,506,116. 12.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial boosted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $29.71.

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.