Cherry Tree Wealth Management LLC Cuts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Cherry Tree Wealth Management LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,137 shares of the pipeline company’s stock after selling 1,000 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Kinder Morgan were worth $470,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KMI. Allspring Global Investments Holdings LLC grew its position in shares of Kinder Morgan by 2.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 100,386 shares of the pipeline company’s stock valued at $2,218,000 after purchasing an additional 2,456 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Kinder Morgan by 0.7% in the third quarter. Private Advisor Group LLC now owns 170,781 shares of the pipeline company’s stock valued at $3,773,000 after purchasing an additional 1,141 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Kinder Morgan by 1,849.7% in the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after purchasing an additional 2,053,612 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of Kinder Morgan by 41.3% in the third quarter. Tectonic Advisors LLC now owns 16,446 shares of the pipeline company’s stock valued at $363,000 after purchasing an additional 4,803 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Kinder Morgan by 8.1% in the third quarter. Ballentine Partners LLC now owns 14,390 shares of the pipeline company’s stock valued at $318,000 after purchasing an additional 1,075 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KMI shares. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. The Goldman Sachs Group upped their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group upped their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Down 0.7 %

Shares of NYSE KMI opened at $26.41 on Monday. The stock has a market cap of $58.67 billion, a P/E ratio of 22.57, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.02 and a 12-month high of $31.48. The business’s fifty day simple moving average is $27.77 and its 200-day simple moving average is $25.36.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock worth $3,504,136. Corporate 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.