Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Bokf Na

BOKF NA lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 67.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,444 shares of the pipeline company's stock after buying an additional 39,760 shares during the period. BOKF NA's holdings in Kinder Morgan were worth $2,772,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC lifted its position in 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 purchasing an additional 2,334,273 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Kinder Morgan by 44.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,142,956 shares of the pipeline company's stock valued at $25,248,000 after buying an additional 349,158 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock worth $50,624,000 after buying an additional 71,984 shares during the last quarter. Fortitude Family Office LLC grew its holdings in Kinder Morgan by 136.8% during the fourth quarter. Fortitude Family Office LLC now owns 1,897 shares of the pipeline company's stock worth $52,000 after acquiring an additional 1,096 shares during the period. Finally, ORG Partners LLC raised its position in Kinder Morgan by 119.4% during the fourth quarter. ORG Partners LLC now owns 8,488 shares of the pipeline company's stock valued at $233,000 after acquiring an additional 4,619 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,503,776 in the last ninety days. 12.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMI. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. UBS Group lifted their price objective 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. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.79.

Kinder Morgan Price Performance

KMI traded up $0.28 during trading on Friday, reaching $27.32. The company's stock had a trading volume of 8,832,253 shares, compared to its average volume of 14,000,032. The company has a market cap of $60.71 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.08 and a beta of 0.74. The firm has a fifty day simple moving average of $27.02 and a two-hundred day simple moving average of $27.20. Kinder Morgan, Inc. has a 1 year low of $18.83 and a 1 year high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.28%. Kinder Morgan's payout ratio is 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.