Choreo LLC Reduces Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Choreo LLC trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,782 shares of the pipeline company’s stock after selling 10,373 shares during the period. Choreo LLC’s holdings in Kinder Morgan were worth $1,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $29,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the 3rd quarter worth about $28,000. Finally, Planning Capital Management Corp lifted its position in shares of Kinder Morgan by 143.6% in the 3rd 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 period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.07 on Friday. The company has a 50 day moving average price of $27.92 and a 200-day moving average price of $24.88. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The firm has a market capitalization of $60.13 billion, a PE ratio of 23.13, a P/E/G ratio of 3.12 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.28 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 paid a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KMI shares. Citigroup raised their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased 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. Finally, Morgan Stanley increased their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note 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. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 54,000 shares of company stock worth $1,493,100 over the last three months. 12.81% of the stock is currently owned by company insiders.

About Kinder Morgan

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.