Oak Hill Wealth Advisors LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Oak Hill Wealth Advisors LLC bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 9,000 shares of the pipeline company’s stock, valued at approximately $247,000.

Several other hedge funds have also recently modified their holdings of KMI. Raymond James Financial Inc. bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $157,804,000. Barclays PLC raised its holdings in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after purchasing an additional 2,334,273 shares during the period. Fisher Funds Management LTD bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $62,534,000. National Bank of Canada FI raised its holdings in shares of Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after purchasing an additional 2,194,489 shares during the period. Finally, National Pension Service raised its holdings in shares of Kinder Morgan by 55.6% in the 4th quarter. National Pension Service now owns 4,573,495 shares of the pipeline company’s stock worth $125,314,000 after purchasing an additional 1,634,631 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.6 %

KMI opened at $26.14 on Friday. The company has a fifty day moving average price of $27.71 and a 200-day moving average price of $25.68. The firm has a market capitalization of $58.09 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a one year low of $17.45 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.40%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was 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 accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was 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 of the company’s stock, valued at $21,970,599.72. This trade represents a 2.13 % 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 $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on KMI shares. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a 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 assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

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.