Skba Capital Management LLC Sells 23,700 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Skba Capital Management LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 811,720 shares of the pipeline company’s stock after selling 23,700 shares during the quarter. Kinder Morgan comprises 3.5% of Skba Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Skba Capital Management LLC’s holdings in Kinder Morgan were worth $22,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan in the fourth quarter worth $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. increased its holdings in Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after buying an additional 703 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s 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 sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 over the last quarter. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $28.39 on Monday. The company has a 50 day moving average of $27.48 and a 200-day moving average of $26.42. The company has a market cap of $63.07 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1-year low of $17.61 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Analyst Ratings Changes

KMI has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Citigroup upped their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Finally, 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 research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

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.