Accordant Advisory Group Inc Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Accordant Advisory Group Inc decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 92.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,780 shares of the pipeline company’s stock after selling 35,105 shares during the quarter. Accordant Advisory Group Inc’s holdings in Kinder Morgan were worth $76,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. SteelPeak Wealth LLC grew its holdings in shares of Kinder Morgan by 3.0% during the fourth quarter. SteelPeak Wealth LLC now owns 55,225 shares of the pipeline company’s stock worth $1,513,000 after buying an additional 1,614 shares in the last quarter. Stonegate Investment Group LLC lifted its position in Kinder Morgan by 3.9% in the fourth quarter. Stonegate Investment Group LLC now owns 25,846 shares of the pipeline company’s stock valued at $708,000 after buying an additional 980 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Kinder Morgan by 18.2% in the fourth quarter. Perigon Wealth Management LLC now owns 14,170 shares of the pipeline company’s stock valued at $426,000 after buying an additional 2,183 shares during the last quarter. W Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $223,000. Finally, Nilsine Partners LLC lifted its position in shares of Kinder Morgan by 13.0% during the fourth quarter. Nilsine Partners LLC now owns 16,856 shares of the pipeline company’s stock worth $462,000 after purchasing an additional 1,938 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. 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 research note on Tuesday, November 26th. Finally, UBS Group increased their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.23.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.48 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The stock has a fifty day moving average price of $28.02 and a 200 day moving average price of $24.55. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The company has a market cap of $61.04 billion, a PE ratio of 23.48, a P/E/G ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly 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 8.10% and a net margin of 17.31%. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

About Kinder Morgan

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.