Balboa Wealth Partners Acquires New Shares in Kinder Morgan, Inc. (NYSE:KMI)

Balboa Wealth Partners bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,003 shares of the pipeline company’s stock, valued at approximately $548,000.

Several other institutional investors also recently bought and sold shares of the stock. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan during the fourth quarter worth approximately $25,000. Modus Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $29,000. Finally, Planning Capital Management Corp lifted its stake in shares of 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 buying an additional 797 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

KMI opened at $26.54 on Friday. The company has a fifty day moving average price of $27.62 and a two-hundred day moving average price of $25.83. 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 firm has a market capitalization of $58.98 billion, a PE ratio of 22.69, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.45 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.33%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is presently 98.29%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated 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 $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,490,996 over the last three months. 12.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research analyst reports. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley lifted their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

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.