Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Lowered by PFG Investments LLC

PFG Investments LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 40,525 shares of the pipeline company’s stock after selling 4,894 shares during the period. PFG Investments LLC’s holdings in Kinder Morgan were worth $1,110,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Kinder Morgan by 37.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,394 shares of the pipeline company’s stock valued at $586,000 after buying an additional 5,860 shares in the last quarter. Requisite Capital Management LLC bought a new position in Kinder Morgan in the 4th quarter valued at about $1,208,000. TTP Investments Inc. grew its position in Kinder Morgan by 1.5% in the 4th quarter. TTP Investments Inc. now owns 72,808 shares of the pipeline company’s stock valued at $1,995,000 after buying an additional 1,089 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. grew its position in Kinder Morgan by 0.4% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 211,373 shares of the pipeline company’s stock valued at $6,028,000 after buying an additional 894 shares in the last quarter. Finally, Grimes & Company Inc. grew its position in Kinder Morgan by 3.3% in the 4th quarter. Grimes & Company Inc. now owns 13,858 shares of the pipeline company’s stock valued at $380,000 after buying an additional 448 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock valued at $1,497,000 over the last three months. 12.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on KMI. The Goldman Sachs Group increased their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Truist Financial upped 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. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Finally, Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $29.23.

Kinder Morgan Price Performance

KMI stock opened at $27.48 on Wednesday. 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, Inc. has a one year low of $16.47 and a one year high of $31.48. The firm has a market capitalization of $61.04 billion, a PE ratio of 23.48, a P/E/G ratio of 4.13 and a beta of 0.94. The firm has a 50-day moving average of $28.02 and a two-hundred day moving average of $24.55.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

About Kinder Morgan

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.