Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Accel Wealth Management

Accel Wealth Management cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,828 shares of the pipeline company’s stock after selling 1,327 shares during the period. Kinder Morgan comprises about 1.0% of Accel Wealth Management’s holdings, making the stock its 20th largest position. Accel Wealth Management’s holdings in Kinder Morgan were worth $2,653,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $72,000. CX Institutional boosted its stake in Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after acquiring an additional 354 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Kinder Morgan by 8.9% during the fourth quarter. Sound Income Strategies LLC now owns 5,420 shares of the pipeline company’s stock worth $149,000 after purchasing an additional 444 shares during the last quarter. McGlone Suttner Wealth Management Inc. increased its position in shares of Kinder Morgan by 7.6% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 19,929 shares of the pipeline company’s stock worth $546,000 after purchasing an additional 1,407 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at about $308,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on KMI shares. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Morgan Stanley increased their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday. Bank of America began coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.92.

Kinder Morgan Stock Down 0.8 %

KMI opened at $30.23 on Friday. The business has a 50 day simple moving average of $27.97 and a 200-day simple moving average of $24.37. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The stock has a market capitalization of $67.16 billion, a P/E ratio of 25.84, a P/E/G ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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 return on equity of 8.10% and a net margin of 17.31%. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 3.80%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Activity

In other news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 55,121 shares of company stock worth $1,497,000. Company insiders own 12.64% of the company’s stock.

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.