Concurrent Investment Advisors LLC Acquires 1,537 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Concurrent Investment Advisors LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,281 shares of the pipeline company’s stock after buying an additional 1,537 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Kinder Morgan were worth $3,131,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of KMI. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $29,000. Planning Capital Management Corp grew its stake in 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 in the last quarter. Finally, HM Payson & Co. grew its stake in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Truist Financial increased their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. UBS Group increased their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Stock Down 1.0 %

Shares of NYSE KMI opened at $26.61 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $59.13 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.94. The stock’s fifty day simple moving average is $27.78 and its two-hundred day simple moving average is $25.26. Kinder Morgan, Inc. has a 12-month low of $17.02 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued 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 8.09%. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.32%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,504,136 in the last 90 days. Insiders own 12.64% of the company’s stock.

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.