Magnus Financial Group LLC Purchases 1,995 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Magnus Financial Group LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,504 shares of the pipeline company’s stock after buying an additional 1,995 shares during the quarter. Magnus Financial Group LLC’s holdings in Kinder Morgan were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of KMI. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the third quarter valued at approximately $28,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan during the second quarter valued at approximately $30,000. Finally, Planning Capital Management Corp grew its holdings in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMI. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a report on Friday, October 18th. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Wells Fargo & Company raised their target price on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Trading Down 1.4 %

NYSE KMI opened at $30.79 on Thursday. The firm has a market capitalization of $68.40 billion, a PE ratio of 27.01, a P/E/G ratio of 4.18 and a beta of 0.94. The stock’s 50 day moving average is $27.82 and its 200 day moving average is $24.28. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced 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 16.76% and a return on equity of 7.87%. Research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 3.74%. Kinder Morgan’s payout ratio is currently 100.88%.

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.