Colonial Trust Co SC Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Colonial Trust Co SC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 53.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,007 shares of the pipeline company’s stock after acquiring an additional 1,046 shares during the period. Colonial Trust Co SC’s holdings in Kinder Morgan were worth $82,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CoreCap Advisors LLC increased its holdings in Kinder Morgan by 254.9% in the 4th quarter. CoreCap Advisors LLC now owns 24,946 shares of the pipeline company’s stock valued at $684,000 after purchasing an additional 17,917 shares in the last quarter. Corigliano Investment Advisers LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $2,548,000. Castle Hook Partners LP raised its holdings in shares of Kinder Morgan by 4.5% during the 4th quarter. Castle Hook Partners LP now owns 7,953,656 shares of the pipeline company’s stock valued at $217,930,000 after buying an additional 341,749 shares during the period. Cetera Investment Advisers lifted its position in Kinder Morgan by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 1,512,452 shares of the pipeline company’s stock worth $41,441,000 after acquiring an additional 79,631 shares in the last quarter. Finally, BOKF NA boosted its holdings in Kinder Morgan by 67.8% in the 4th quarter. BOKF NA now owns 98,444 shares of the pipeline company’s stock worth $2,772,000 after acquiring an additional 39,760 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.0 %

Shares of NYSE:KMI opened at $27.32 on Friday. The company’s fifty day moving average is $27.02 and its two-hundred day moving average is $27.18. 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, Inc. has a 1-year low of $18.83 and a 1-year high of $31.48. The stock has a market capitalization of $60.71 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current 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 given a $0.2925 dividend. The ex-dividend date is Wednesday, April 30th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.28%. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.86%.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total value of $496,260.00. Following the completion of the transaction, the president now directly owns 789,652 shares of the company’s stock, valued at $21,770,705.64. This trade represents a 2.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock worth $3,503,776. 12.73% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on KMI shares. Scotiabank boosted their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Monday, April 21st. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. 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 research note on Monday, March 3rd. Finally, Truist Financial upped their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.79.

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.