Kinder Morgan, Inc. (NYSE:KMI) Stock Position Increased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 9.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,689 shares of the pipeline company’s stock after purchasing an additional 4,498 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Kinder Morgan were worth $1,389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. Wesbanco Bank Inc. raised its position in shares of Kinder Morgan by 38.3% during the 3rd quarter. Wesbanco Bank Inc. now owns 160,415 shares of the pipeline company’s stock worth $3,544,000 after buying an additional 44,423 shares in the last quarter. Creative Planning raised its position in shares of Kinder Morgan by 5.2% during the 3rd quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock worth $9,109,000 after buying an additional 20,468 shares in the last quarter. Magnus Financial Group LLC raised its position in shares of Kinder Morgan by 4.2% during the 3rd quarter. Magnus Financial Group LLC now owns 14,509 shares of the pipeline company’s stock worth $321,000 after buying an additional 588 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Kinder Morgan in the 3rd quarter worth approximately $232,000. Finally, CFM Wealth Partners LLC raised its holdings in shares of Kinder Morgan by 19.0% in the 3rd quarter. CFM Wealth Partners LLC now owns 27,519 shares of the pipeline company’s stock worth $608,000 after purchasing an additional 4,392 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 54,000 shares of company stock worth $1,493,100 in the last 90 days. 12.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on KMI. The Goldman Sachs Group boosted their target price 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. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Truist Financial boosted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Barclays boosted 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. Finally, Scotiabank initiated coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Down 1.9 %

Kinder Morgan stock opened at $26.29 on Thursday. The firm has a market cap of $58.41 billion, a PE ratio of 22.47, a P/E/G ratio of 3.16 and a beta of 0.94. 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 firm’s 50 day moving average price is $27.87 and its two-hundred day moving average price is $25.04. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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%. On average, research analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. Kinder Morgan’s dividend payout ratio (DPR) 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.