Confluence Wealth Services Inc. Sells 1,500 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Confluence Wealth Services Inc. lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,876 shares of the pipeline company’s stock after selling 1,500 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Kinder Morgan were worth $353,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KMI. Mirae Asset Global Investments Co. Ltd. boosted its stake in Kinder Morgan by 36.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,732 shares of the pipeline company’s stock worth $4,479,000 after buying an additional 43,626 shares in the last quarter. Jackson Wealth Management LLC lifted its holdings in shares of Kinder Morgan by 2.4% during the 4th quarter. Jackson Wealth Management LLC now owns 122,229 shares of the pipeline company’s stock worth $3,349,000 after acquiring an additional 2,829 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Kinder Morgan by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 72,808 shares of the pipeline company’s stock valued at $1,995,000 after acquiring an additional 614 shares in the last quarter. Sargent Investment Group LLC increased its stake in Kinder Morgan by 3.0% in the fourth quarter. Sargent Investment Group LLC now owns 89,990 shares of the pipeline company’s stock valued at $2,567,000 after acquiring an additional 2,651 shares during the period. Finally, Mather Group LLC. raised its position in Kinder Morgan by 5.7% in the fourth quarter. Mather Group LLC. now owns 11,503 shares of the pipeline company’s stock worth $315,000 after purchasing an additional 620 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Up 0.5 %

NYSE KMI opened at $27.64 on Thursday. The stock has a market capitalization of $61.41 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The stock has a fifty day moving average of $27.95 and a 200-day moving average of $24.85.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.16%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

KMI has been the topic of several analyst reports. The Goldman Sachs Group upped their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Bank of America assumed coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Scotiabank initiated coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Nine 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 stock. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $29.14.

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.