Johnson Investment Counsel Inc. Buys 1,458 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Johnson Investment Counsel Inc. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,591 shares of the pipeline company’s stock after purchasing an additional 1,458 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Kinder Morgan were worth $400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. raised its holdings in shares of Kinder Morgan by 50.6% during the third quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock valued at $95,000 after purchasing an additional 1,450 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at $42,000. Apollon Wealth Management LLC boosted its stake in shares of Kinder Morgan by 16.8% in the third quarter. Apollon Wealth Management LLC now owns 85,992 shares of the pipeline company’s stock worth $1,900,000 after acquiring an additional 12,354 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Kinder Morgan by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after purchasing an additional 29,861 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its position in shares of Kinder Morgan by 34.4% during the third quarter. Ashton Thomas Private Wealth LLC now owns 50,001 shares of the pipeline company’s stock worth $1,105,000 after acquiring an additional 12,811 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several research reports. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Mizuho boosted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.54 on Friday. The business’s fifty day simple moving average is $27.62 and its 200-day simple moving average is $25.83. Kinder Morgan, Inc. has a 12-month low of $17.45 and a 12-month high of $31.48. The company has a market cap of $58.98 billion, a PE ratio of 22.69, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued 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 8.09%. Analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.33%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This represents a 2.09 % 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 stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 over the last 90 days. 12.64% of the stock is currently owned by company 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.