Strategic Wealth Partners Ltd. Boosts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Strategic Wealth Partners Ltd. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 29.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 344,359 shares of the pipeline company’s stock after purchasing an additional 77,396 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Kinder Morgan were worth $9,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $25,000. Morse Asset Management Inc purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $27,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter worth $29,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company’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 sale, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. This represents a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,503,776 in the last three months. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 0.3%

Shares of NYSE KMI opened at $28.09 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $18.83 and a fifty-two week 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 cap of $62.41 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 3.08 and a beta of 0.74. The business’s 50 day moving average price is $27.15 and its 200-day moving average price is $27.30.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.17%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.86%.

Analysts Set New Price Targets

Several research firms have commented on KMI. Truist Financial increased their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Citigroup increased their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Finally, Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.79.

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.