Aptus Capital Advisors LLC Purchases 39,760 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Aptus Capital Advisors LLC lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 122.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,282 shares of the pipeline company's stock after acquiring an additional 39,760 shares during the period. Aptus Capital Advisors LLC's holdings in Kinder Morgan were worth $1,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. Barclays PLC boosted its holdings in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after buying an additional 2,334,273 shares in the last quarter. World Investment Advisors LLC bought a new position in Kinder Morgan during the third quarter worth $826,000. Wilmington Savings Fund Society FSB acquired a new stake in Kinder Morgan in the third quarter worth $386,000. Franklin Resources Inc. increased its stake in Kinder Morgan by 44.0% in the third quarter. Franklin Resources Inc. now owns 1,142,956 shares of the pipeline company's stock valued at $25,248,000 after purchasing an additional 349,158 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after purchasing an additional 71,984 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research analyst reports. Truist Financial boosted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Finally, Scotiabank lifted their price objective on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $29.71.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,506,116. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 0.1 %

KMI stock opened at $26.87 on Tuesday. The stock has a market cap of $59.71 billion, a P/E ratio of 22.97, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock's fifty day simple moving average is $26.98 and its two-hundred day simple moving average is $27.14. Kinder Morgan, Inc. has a 1-year low of $18.49 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. 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 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.35%. Kinder Morgan's dividend payout ratio is presently 100.86%.

About Kinder Morgan

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.

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