Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Lessened by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 12.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 27,740 shares of the pipeline company’s stock after selling 3,765 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in Kinder Morgan were worth $760,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter worth approximately $25,000. Modus Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the third quarter valued at approximately $28,000. Finally, Planning Capital Management Corp grew its holdings in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMI. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Truist Financial increased their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Nine 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Activity

In related news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 55,121 shares of company stock worth $1,497,000. 12.81% of the stock is owned by corporate insiders.

Kinder Morgan Stock Down 0.3 %

Shares of KMI stock opened at $27.50 on Tuesday. The stock has a market cap of $61.10 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $31.48. The stock has a fifty day moving average price of $27.97 and a 200 day moving average price of $24.76. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. Analysts predict that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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 issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.18%. Kinder Morgan’s 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.