Simmons Bank Has $442,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Simmons Bank lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,122 shares of the pipeline company’s stock after selling 2,278 shares during the period. Simmons Bank’s holdings in Kinder Morgan were worth $442,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Kinder Morgan by 30.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 121,106 shares of the pipeline company’s stock valued at $2,639,000 after purchasing an additional 28,278 shares during the period. Nisa Investment Advisors LLC grew its position in Kinder Morgan by 0.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 215,737 shares of the pipeline company’s stock worth $4,766,000 after purchasing an additional 1,500 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Kinder Morgan by 17.2% during the 3rd quarter. Pallas Capital Advisors LLC now owns 21,542 shares of the pipeline company’s stock worth $476,000 after purchasing an additional 3,155 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Kinder Morgan by 12.5% in the third quarter. Pinnacle Associates Ltd. now owns 124,665 shares of the pipeline company’s stock valued at $2,754,000 after buying an additional 13,823 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in Kinder Morgan by 100.1% during the third quarter. JFS Wealth Advisors LLC now owns 2,277 shares of the pipeline company’s stock valued at $50,000 after acquiring an additional 1,139 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction 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. The trade was a 25.48 % decrease in their ownership of the stock. The sale 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 the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,461 shares of company stock valued at $3,504,136. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Up 0.2 %

Shares of NYSE KMI opened at $26.23 on Friday. Kinder Morgan, Inc. has a 12-month low of $17.02 and a 12-month high of $31.48. The firm’s 50-day simple moving average is $27.76 and its 200 day simple moving average is $25.45. The company has a market cap of $58.28 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. 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) last posted its quarterly earnings data 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 return on equity of 8.09% and a net margin of 17.31%. On average, research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.38%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMI. Truist Financial lifted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Barclays raised their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. UBS Group upped their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

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.