Private Wealth Partners LLC Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Private Wealth Partners LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,884 shares of the pipeline company’s stock after selling 10,911 shares during the quarter. Private Wealth Partners LLC’s holdings in Kinder Morgan were worth $8,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Creative Planning increased its holdings in Kinder Morgan by 5.2% in the 3rd quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock valued at $9,109,000 after acquiring an additional 20,468 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings 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 worth $2,218,000 after purchasing an additional 2,456 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the third quarter worth about $28,000. Foundations Investment Advisors LLC boosted its stake in Kinder Morgan by 52.3% during the third quarter. Foundations Investment Advisors LLC now owns 42,475 shares of the pipeline company’s stock valued at $938,000 after buying an additional 14,585 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Kinder Morgan by 305.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 171,743 shares of the pipeline company’s stock valued at $3,794,000 after buying an additional 129,418 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This trade represents a 2.01 % 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 worth $3,504,136 in the last three months. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KMI shares. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group increased their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Mizuho boosted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Performance

KMI stock opened at $26.84 on Thursday. Kinder Morgan, Inc. has a twelve month low of $17.00 and a twelve month high of $31.48. The firm has a market cap of $59.63 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 3.13 and a beta of 0.94. The business’s fifty day simple moving average is $27.79 and its two-hundred day simple moving average is $25.25. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. Analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

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.