Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 61.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,101 shares of the pipeline company's stock after acquiring an additional 40,843 shares during the quarter. Investment Management Corp of Ontario's holdings in Kinder Morgan were worth $2,935,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CX Institutional lifted its stake in shares of Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after purchasing an additional 354 shares during the period. Sunflower Bank N.A. lifted its stake in shares of Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock valued at $288,000 after purchasing an additional 367 shares during the period. Ignite Planners LLC lifted its stake in shares of Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock valued at $282,000 after purchasing an additional 372 shares during the period. Diligent Investors LLC lifted its stake in shares of Kinder Morgan by 1.5% in the 4th quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after purchasing an additional 381 shares during the period. Finally, Eagle Bay Advisors LLC lifted its stake in shares of Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock valued at $142,000 after purchasing an additional 385 shares during the period. Institutional investors own 62.52% of the company's stock.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now owns 825,652 shares in the company, valued at $21,970,599.72. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred on 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 directly 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. Insiders have sold a total of 129,461 shares of company stock worth $3,503,776 in the last three months. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Trading Up 1.9%

NYSE KMI traded up $0.51 during trading hours on Thursday, hitting $27.97. 11,996,190 shares of the company were exchanged, compared to its average volume of 13,978,448. The stock has a 50-day moving average price of $27.08 and a 200 day moving average price of $27.23. 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, Inc. has a 52 week low of $18.83 and a 52 week high of $31.48. The stock has a market cap of $62.15 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal 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 issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.18%. This is a boost 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 currently 100.86%.

Analysts Set New Price Targets

A number of research analysts have issued reports on KMI shares. Citigroup lifted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Royal Bank of Canada raised 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. Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Truist Financial boosted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.79.

Kinder Morgan Company 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.