Callahan Advisors LLC Lowers Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Callahan Advisors LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 461,177 shares of the pipeline company’s stock after selling 17,682 shares during the quarter. Kinder Morgan accounts for approximately 1.2% of Callahan Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Callahan Advisors LLC’s holdings in Kinder Morgan were worth $12,636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $29,000. Finally, Planning Capital Management Corp boosted its holdings in shares of Kinder Morgan by 143.6% in the third 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 period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 0.2 %

Shares of KMI stock opened at $26.61 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $31.48. The stock has a market cap of $59.11 billion, a P/E ratio of 22.74, a P/E/G ratio of 3.16 and a beta of 0.94. The business has a fifty day simple moving average of $27.79 and a 200-day simple moving average of $25.19. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. On average, analysts forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 54,000 shares of company stock worth $1,493,100 over the last 90 days. 12.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KMI shares. Royal Bank of Canada increased their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. The Goldman Sachs Group upped their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial upped their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.14.

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.