Charter Research & Investment Group Inc. Reduces Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Charter Research & Investment Group Inc. reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,358 shares of the pipeline company’s stock after selling 541 shares during the period. Charter Research & Investment Group Inc.’s holdings in Kinder Morgan were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter worth $29,000. Finally, SRS Capital Advisors Inc. raised its holdings in Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.6 %

NYSE KMI opened at $28.39 on Friday. The stock has a 50 day moving average price of $27.48 and a 200-day moving average price of $26.38. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The company has a market capitalization of $63.07 billion, a P/E ratio of 24.26, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released 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, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Analyst Ratings Changes

A number of analysts have commented on KMI shares. UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Truist Financial increased their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Mizuho lifted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.64.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,490,996 in the last quarter. 12.64% of the stock is owned by company 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.