Sanctuary Advisors LLC Has $22.67 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Sanctuary Advisors LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 806,856 shares of the pipeline company’s stock after purchasing an additional 60,250 shares during the period. Sanctuary Advisors LLC’s holdings in Kinder Morgan were worth $22,673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KMI. Barclays PLC raised its position in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares during the last quarter. National Bank of Canada FI raised its holdings in 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 valued at $64,879,000 after acquiring an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after acquiring an additional 2,053,612 shares during the period. Jennison Associates LLC grew its holdings in shares of Kinder Morgan by 847.4% during the 4th quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock worth $40,420,000 after purchasing an additional 1,319,474 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Kinder Morgan by 295.2% during the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after purchasing an additional 1,257,428 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 54,000 shares of company stock worth $1,493,100 over the last three months. 12.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KMI shares. UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays upped their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Finally, Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Trading Up 0.2 %

KMI opened at $26.61 on Tuesday. Kinder Morgan, Inc. has a 1-year low of $16.51 and a 1-year high of $31.48. The firm has a 50-day moving average price of $27.80 and a two-hundred day moving average price of $25.15. The stock has a market capitalization of $59.11 billion, a PE ratio of 22.74, a PEG ratio of 3.16 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 98.29%.

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.