UNIVEST FINANCIAL Corp Purchases 735 Shares of Kinder Morgan, Inc. (NYSE:KMI)

UNIVEST FINANCIAL Corp increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,908 shares of the pipeline company’s stock after purchasing an additional 735 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Kinder Morgan were worth $956,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter valued at $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth about $29,000. Finally, SRS Capital Advisors Inc. boosted its position in shares of Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock valued at $3,490,996. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $28.48 on Thursday. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market capitalization of $63.27 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 3.08 and a beta of 0.94. The firm’s fifty day moving average price is $27.55 and its two-hundred day moving average price is $26.28.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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%. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.04%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KMI shares. Scotiabank assumed coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. 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 research report on Monday, January 27th. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Finally, Citigroup upped their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

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.