Advisor OS LLC Acquires 1,792 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Advisor OS LLC grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,333 shares of the pipeline company’s stock after acquiring an additional 1,792 shares during the period. Advisor OS LLC’s holdings in Kinder Morgan were worth $1,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lake Street Advisors Group LLC lifted its position in shares of Kinder Morgan by 246.1% during the 4th quarter. Lake Street Advisors Group LLC now owns 162,364 shares of the pipeline company’s stock valued at $4,449,000 after buying an additional 115,455 shares in the last quarter. NCP Inc. grew its holdings in Kinder Morgan by 18.5% during the 4th quarter. NCP Inc. now owns 12,907 shares of the pipeline company’s stock valued at $354,000 after buying an additional 2,018 shares in the last quarter. Longbow Finance SA purchased a new position in Kinder Morgan during the fourth quarter valued at $10,072,000. Illinois Municipal Retirement Fund increased its holdings in shares of Kinder Morgan by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 746,981 shares of the pipeline company’s stock worth $20,467,000 after purchasing an additional 26,542 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Kinder Morgan by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company’s stock worth $376,332,000 after acquiring an additional 1,093,242 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMI has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Mizuho increased 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. Truist Financial lifted 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. Finally, Morgan Stanley raised their price objective 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 issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’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 in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock valued at $3,504,136. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Down 1.5 %

NYSE:KMI opened at $26.09 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The firm has a market cap of $57.96 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a 50-day moving average of $27.76 and a 200 day moving average of $25.44. Kinder Morgan, Inc. has a 1-year low of $17.02 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

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.