Trust Co. of Oklahoma Has $899,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Trust Co. of Oklahoma decreased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,817 shares of the pipeline company’s stock after selling 769 shares during the quarter. Trust Co. of Oklahoma’s holdings in Kinder Morgan were worth $899,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after buying an additional 29,861 shares during the period. Global Retirement Partners LLC lifted its position in shares of Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after acquiring an additional 776 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares during the period. Czech National Bank grew its position in Kinder Morgan by 6.9% during the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after purchasing an additional 25,406 shares in the last quarter. Finally, Barclays PLC raised its stake in Kinder Morgan by 39.9% during the 3rd 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. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction 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. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 in the last quarter. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $30.79 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The company has a market cap of $68.40 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94. The stock has a 50-day moving average of $27.90 and a 200-day moving average of $24.32. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 3.74%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Truist Financial upped their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, UBS Group upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

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.