Wintrust Investments LLC Sells 10,172 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Wintrust Investments LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 67.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,005 shares of the pipeline company’s stock after selling 10,172 shares during the quarter. Wintrust Investments LLC’s holdings in Kinder Morgan were worth $137,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Assetmark Inc. boosted its holdings in Kinder Morgan by 50.6% during the third quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock worth $95,000 after purchasing an additional 1,450 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in Kinder Morgan in the third quarter valued at about $42,000. Apollon Wealth Management LLC grew its position in shares of Kinder Morgan by 16.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 85,992 shares of the pipeline company’s stock valued at $1,900,000 after acquiring an additional 12,354 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after purchasing an additional 29,861 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in shares of Kinder Morgan by 34.4% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 50,001 shares of the pipeline company’s stock worth $1,105,000 after purchasing an additional 12,811 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 0.5 %

Shares of NYSE KMI opened at $26.54 on Thursday. The business has a 50-day moving average of $27.65 and a 200-day moving average of $25.83. The firm has a market capitalization of $58.96 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.45 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred 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 owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred 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 directly owns 825,652 shares of the company’s stock, valued at $21,970,599.72. The trade was a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 in the last quarter. 12.64% of the stock is owned by insiders.

Analyst Ratings Changes

KMI has been the subject of a number of recent research reports. Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Citigroup boosted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.