Iams Wealth Management LLC Purchases New Position in Kinder Morgan, Inc. (NYSE:KMI)

Iams Wealth Management LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,689 shares of the pipeline company’s stock, valued at approximately $211,000.

Several other institutional investors have also added to or reduced their stakes in KMI. AQR Capital Management LLC raised its stake in shares of Kinder Morgan by 11.2% during the second quarter. AQR Capital Management LLC now owns 457,238 shares of the pipeline company’s stock valued at $9,040,000 after acquiring an additional 45,917 shares in the last quarter. Creative Planning raised its stake in shares of Kinder Morgan by 16.4% during the second quarter. Creative Planning now owns 391,908 shares of the pipeline company’s stock valued at $7,787,000 after acquiring an additional 55,207 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Kinder Morgan by 30.7% during the second quarter. NewEdge Advisors LLC now owns 291,085 shares of the pipeline company’s stock valued at $5,784,000 after acquiring an additional 68,308 shares in the last quarter. Quarry LP bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $52,000. Finally, EP Wealth Advisors LLC raised its stake in shares of Kinder Morgan by 32.3% during the second quarter. EP Wealth Advisors LLC now owns 104,001 shares of the pipeline company’s stock valued at $2,066,000 after acquiring an additional 25,409 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMI. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial lifted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Mizuho lifted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Trading Down 0.6 %

NYSE:KMI opened at $27.30 on Thursday. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The firm has a fifty day simple moving average of $28.01 and a 200-day simple moving average of $24.60. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $60.64 billion, a P/E ratio of 23.33, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted 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 return on equity of 8.10% and a net margin of 17.31%. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.21%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated 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 directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 over the last three months. Company insiders own 12.81% of the company’s stock.

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.