Kinder Morgan, Inc. (NYSE:KMI) Stock Position Cut by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,692 shares of the pipeline company’s stock after selling 455 shares during the period. VisionPoint Advisory Group LLC’s holdings in Kinder Morgan were worth $216,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KMI. Bradley Foster & Sargent Inc. CT lifted its position in Kinder Morgan by 9.3% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 386,211 shares of the pipeline company’s stock worth $10,582,000 after purchasing an additional 32,925 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth $25,000. ING Groep NV lifted its holdings in shares of Kinder Morgan by 3.8% in the fourth quarter. ING Groep NV now owns 247,055 shares of the pipeline company’s stock valued at $6,769,000 after buying an additional 9,100 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Kinder Morgan by 1.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 114,281 shares of the pipeline company’s stock valued at $3,131,000 after buying an additional 1,537 shares in the last quarter. Finally, Hardy Reed LLC grew its holdings in Kinder Morgan by 33.0% during the fourth quarter. Hardy Reed LLC now owns 29,097 shares of the pipeline company’s stock worth $797,000 after acquiring an additional 7,227 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on KMI. The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group raised their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Citigroup boosted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Trading Down 0.7 %

NYSE:KMI opened at $26.41 on Friday. The stock has a market cap of $58.67 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 3.11 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $17.02 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The stock’s 50-day moving average is $27.77 and its two-hundred day moving average is $25.30.

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 net margin of 17.31% and a return on equity of 8.09%. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued 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 4.36%. Kinder Morgan’s dividend payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock valued at $3,504,136. Insiders own 12.64% of the company’s stock.

Kinder Morgan 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.