Truvestments Capital LLC Has $4.51 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Truvestments Capital LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 164,651 shares of the pipeline company’s stock after acquiring an additional 3,517 shares during the period. Kinder Morgan comprises 1.2% of Truvestments Capital LLC’s investment portfolio, making the stock its 9th biggest position. Truvestments Capital LLC’s holdings in Kinder Morgan were worth $4,511,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $27,000. Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $29,000. Finally, Planning Capital Management Corp raised its position in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.2 %

Shares of KMI stock opened at $26.46 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm’s 50-day moving average is $27.67 and its 200-day moving average is $25.82. The stock has a market cap of $58.78 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $17.45 and a 52-week 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 (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%. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.35%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Ratings Changes

Several brokerages have commented on KMI. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group boosted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Finally, Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated 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. This represents a 2.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,490,996 in the last three months. 12.64% of the stock is currently owned by company insiders.

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.