Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,674 shares of the pipeline company’s stock after purchasing an additional 1,099 shares during the quarter. ORG Wealth Partners LLC’s holdings in Kinder Morgan were worth $457,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KMI. Private Advisor Group LLC lifted its stake in shares of Kinder Morgan by 6.2% in the 2nd quarter. Private Advisor Group LLC now owns 169,640 shares of the pipeline company’s stock valued at $3,371,000 after purchasing an additional 9,885 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan during the second quarter valued at about $31,000. Acadian Asset Management LLC raised its stake in shares of Kinder Morgan by 242.4% in the 2nd quarter. Acadian Asset Management LLC now owns 162,411 shares of the pipeline company’s stock valued at $3,223,000 after acquiring an additional 114,974 shares during the period. Caprock Group LLC lifted its holdings in shares of Kinder Morgan by 16.8% in the 2nd quarter. Caprock Group LLC now owns 35,567 shares of the pipeline company’s stock worth $707,000 after acquiring an additional 5,120 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Kinder Morgan in the second quarter valued at approximately $265,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.4 %

NYSE KMI traded down $0.10 during trading hours on Friday, reaching $28.19. 3,861,281 shares of the company traded hands, compared to its average volume of 10,415,328. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.82. The company has a 50 day moving average of $27.23 and a two-hundred day moving average of $23.68. The stock has a market capitalization of $62.63 billion, a PE ratio of 24.73, a PEG ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 earnings per share. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Truist Financial raised their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Barclays upped their price target on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Wells Fargo & Company boosted their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday. They set a “sector perform” rating and a $26.00 price objective for the company. Finally, The Goldman Sachs Group boosted their price target 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. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred 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. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 745,263 shares of company stock worth $18,578,014. 12.81% of the stock is owned by insiders.

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.