Golden State Wealth Management LLC Buys New Position in Kinder Morgan, Inc. (NYSE:KMI)

Golden State Wealth Management LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,348 shares of the pipeline company’s stock, valued at approximately $92,000.

Several other institutional investors have also recently added to or reduced their stakes in KMI. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Kinder Morgan by 2.8% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 299,043 shares of the pipeline company’s stock valued at $8,194,000 after acquiring an additional 8,282 shares during the period. RNC Capital Management LLC bought a new stake in Kinder Morgan in the fourth quarter valued at $2,079,000. Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $5,418,000. Consolidated Portfolio Review Corp boosted its position in shares of Kinder Morgan by 20.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 12,631 shares of the pipeline company’s stock worth $346,000 after purchasing an additional 2,151 shares in the last quarter. Finally, Fractal Investments LLC increased its position in Kinder Morgan by 87.2% in the 4th quarter. Fractal Investments LLC now owns 1,150,468 shares of the pipeline company’s stock valued at $31,523,000 after buying an additional 536,000 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on KMI. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Barclays upped their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $29.14.

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 transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 54,000 shares of company stock valued at $1,493,100. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 1.1 %

KMI stock opened at $27.07 on Monday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The stock has a market cap of $60.13 billion, a P/E ratio of 23.13, a P/E/G ratio of 3.16 and a beta of 0.94. The stock’s fifty day simple moving average is $27.89 and its two-hundred day simple moving average is $24.94. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 8.09%. Analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid 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 4.25%. Kinder Morgan’s payout ratio is 98.29%.

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.