Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Trek Financial LLC

Trek Financial LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.9% during the fourth quarter, Holdings Channel reports. The firm owned 37,790 shares of the pipeline company’s stock after purchasing an additional 2,447 shares during the period. Trek Financial LLC’s holdings in Kinder Morgan were worth $1,035,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $25,000. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new position in Kinder Morgan during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $25.27 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The firm has a market capitalization of $56.14 billion, a P/E ratio of 21.59, a PEG ratio of 3.08 and a beta of 0.94. The company’s fifty day moving average is $27.20 and its two-hundred day moving average is $26.65.

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 the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company 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 4.55%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the sale, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,506,116. 12.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their target price 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. Scotiabank began coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Finally, Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price 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.