Newbridge Financial Services Group Inc. Increases Position in Kinder Morgan, Inc. (NYSE:KMI)

Newbridge Financial Services Group Inc. lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 186.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,578 shares of the pipeline company’s stock after purchasing an additional 46,631 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Kinder Morgan were worth $1,961,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Daymark Wealth Partners LLC raised its holdings in shares of Kinder Morgan by 19.9% during the 3rd quarter. Daymark Wealth Partners LLC now owns 12,213 shares of the pipeline company’s stock worth $270,000 after acquiring an additional 2,029 shares during the period. CWM LLC grew its stake in shares of Kinder Morgan by 1.2% in the 3rd quarter. CWM LLC now owns 403,995 shares of the pipeline company’s stock valued at $8,924,000 after buying an additional 4,857 shares during the period. Wedmont Private Capital increased its holdings in shares of Kinder Morgan by 4.5% during the 3rd quarter. Wedmont Private Capital now owns 31,678 shares of the pipeline company’s stock worth $747,000 after buying an additional 1,373 shares during the last quarter. Clarius Group LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter valued at approximately $206,000. Finally, Fiduciary Financial Group LLC grew its position in Kinder Morgan by 13.8% in the third quarter. Fiduciary Financial Group LLC now owns 16,706 shares of the pipeline company’s stock worth $390,000 after acquiring an additional 2,025 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMI has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group boosted their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. UBS Group lifted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 54,000 shares of company stock worth $1,493,100. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.07 on Friday. The stock has a market cap of $60.13 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company has a fifty day simple moving average of $27.89 and a 200-day simple moving average of $24.91. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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 return on equity of 8.09% and a net margin of 17.31%. Equities analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.25%. Kinder Morgan’s dividend payout ratio 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.