Compass Wealth Management LLC Has $2.95 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Compass Wealth Management LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,753 shares of the pipeline company’s stock after selling 12,660 shares during the quarter. Compass Wealth Management LLC’s holdings in Kinder Morgan were worth $2,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Sei Investments Co. increased its position in Kinder Morgan by 14.6% in the 2nd quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock valued at $15,973,000 after acquiring an additional 102,447 shares during the period. AQR Capital Management LLC increased its holdings in Kinder Morgan by 11.2% in the second quarter. AQR Capital Management LLC now owns 457,238 shares of the pipeline company’s stock valued at $9,040,000 after purchasing an additional 45,917 shares during the period. APG Asset Management N.V. bought a new position in Kinder Morgan during the 2nd quarter worth $10,384,000. Daymark Wealth Partners LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $202,000. Finally, MBB Public Markets I LLC acquired a new stake in shares of Kinder Morgan in the second quarter valued at about $2,747,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

KMI stock opened at $30.23 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market cap of $67.16 billion, a PE ratio of 25.84, a P/E/G ratio of 4.13 and a beta of 0.94. The business has a 50 day moving average of $28.03 and a 200-day moving average of $24.44. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-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 EPS 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 8.10%. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KMI shares. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. The Goldman Sachs Group lifted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial increased 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. Eight research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.92.

Kinder Morgan 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.