CoreCap Advisors LLC Acquires 17,917 Shares of Kinder Morgan, Inc. (NYSE:KMI)

CoreCap Advisors LLC lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 254.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,946 shares of the pipeline company's stock after acquiring an additional 17,917 shares during the period. CoreCap Advisors LLC's holdings in Kinder Morgan were worth $684,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Corigliano Investment Advisers LLC bought a new position in Kinder Morgan in the 4th quarter valued at about $2,548,000. Castle Hook Partners LP grew its position in Kinder Morgan by 4.5% in the 4th quarter. Castle Hook Partners LP now owns 7,953,656 shares of the pipeline company's stock valued at $217,930,000 after buying an additional 341,749 shares in the last quarter. Cetera Investment Advisers grew its position in Kinder Morgan by 5.6% in the 4th quarter. Cetera Investment Advisers now owns 1,512,452 shares of the pipeline company's stock valued at $41,441,000 after buying an additional 79,631 shares in the last quarter. BOKF NA grew its position in Kinder Morgan by 67.8% in the 4th quarter. BOKF NA now owns 98,444 shares of the pipeline company's stock valued at $2,772,000 after buying an additional 39,760 shares in the last quarter. Finally, BROOKFIELD Corp ON boosted its position in shares of Kinder Morgan by 395.8% during the 4th quarter. BROOKFIELD Corp ON now owns 2,587,605 shares of the pipeline company's stock valued at $70,900,000 after purchasing an additional 2,065,719 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several research reports. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research report on Monday, March 3rd. Citigroup raised their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. 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 company's stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.79.

Kinder Morgan Stock Performance

KMI stock remained flat at $27.31 during mid-day trading on Monday. 13,045,570 shares of the company's stock were exchanged, compared to its average volume of 13,996,232. The stock has a 50-day moving average of $27.03 and a two-hundred day moving average of $27.23. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a market capitalization of $60.68 billion, a P/E ratio of 23.34, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 52 week low of $18.83 and a 52 week 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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. The business 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%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.28%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's dividend payout ratio is 100.86%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now directly owns 825,652 shares of the company's stock, valued at $21,970,599.72. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,503,776 over the last three months. 12.73% of the stock is owned by corporate insiders.

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.