7,671 Shares in Kinder Morgan, Inc. (NYSE:KMI) Bought by Mengis Capital Management Inc.

Mengis Capital Management Inc. acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,671 shares of the pipeline company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Allspring Global Investments Holdings LLC increased its holdings in shares of Kinder Morgan by 2.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 100,386 shares of the pipeline company’s stock worth $2,218,000 after purchasing an additional 2,456 shares during the period. Private Advisor Group LLC increased its stake in Kinder Morgan by 0.7% in the third quarter. Private Advisor Group LLC now owns 170,781 shares of the pipeline company’s stock valued at $3,773,000 after acquiring an additional 1,141 shares during the period. International Assets Investment Management LLC increased its stake in Kinder Morgan by 1,849.7% in the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after acquiring an additional 2,053,612 shares during the period. Ballentine Partners LLC increased its stake in Kinder Morgan by 8.1% in the third quarter. Ballentine Partners LLC now owns 14,390 shares of the pipeline company’s stock valued at $318,000 after acquiring an additional 1,075 shares during the period. Finally, Mediolanum International Funds Ltd increased its stake in Kinder Morgan by 6.4% in the third quarter. Mediolanum International Funds Ltd now owns 50,594 shares of the pipeline company’s stock valued at $1,101,000 after acquiring an additional 3,061 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction 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 $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,504,136 over the last quarter. Corporate insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KMI. Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Truist Financial boosted their price target 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. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Finally, Barclays upped their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Up 0.2 %

Shares of NYSE:KMI opened at $26.47 on Tuesday. Kinder Morgan, Inc. has a 52 week low of $17.02 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a market capitalization of $58.80 billion, a PE ratio of 22.62, a PEG ratio of 3.08 and a beta of 0.94. The company has a 50 day moving average price of $27.77 and a two-hundred day moving average price of $25.40.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. Analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.35%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 98.29%.

Kinder Morgan Company 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.