Brighton Jones LLC Buys New Position in Kinder Morgan, Inc. (NYSE:KMI)

Brighton Jones LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,253 shares of the pipeline company’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sustainable Insight Capital Management LLC purchased a new position in Kinder Morgan during the 4th quarter valued at $359,000. Yeomans Consulting Group Inc. bought a new stake in Kinder Morgan in the fourth quarter worth $358,000. Red Door Wealth Management LLC grew its stake in shares of Kinder Morgan by 9.5% in the fourth quarter. Red Door Wealth Management LLC now owns 15,626 shares of the pipeline company’s stock worth $428,000 after acquiring an additional 1,359 shares during the last quarter. Donoghue Forlines LLC grew its holdings in shares of Kinder Morgan by 42.2% during the fourth quarter. Donoghue Forlines LLC now owns 57,020 shares of the pipeline company’s stock valued at $1,562,000 after buying an additional 16,926 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Kinder Morgan by 4.0% in the fourth quarter. Avior Wealth Management LLC now owns 120,306 shares of the pipeline company’s stock worth $3,296,000 after purchasing an additional 4,672 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.39 on Tuesday. The firm has a market capitalization of $60.86 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48. The firm has a 50-day moving average price of $28.03 and a 200-day moving average price of $24.50. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.20%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KMI shares. Truist Financial raised their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. UBS Group increased their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $29.23.

Insider Activity

In related news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,121 shares of company stock valued at $1,497,000. 12.64% of the stock is currently owned by company insiders.

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.