Mather Group LLC. Has $315,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Mather Group LLC. boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,503 shares of the pipeline company’s stock after acquiring an additional 620 shares during the quarter. Mather Group LLC.’s holdings in Kinder Morgan were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brown Lisle Cummings Inc. grew its position in Kinder Morgan by 107.4% during the fourth quarter. Brown Lisle Cummings Inc. now owns 2,896 shares of the pipeline company’s stock valued at $79,000 after purchasing an additional 1,500 shares in the last quarter. Columbus Macro LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $8,766,000. abrdn plc increased its stake in shares of Kinder Morgan by 4.1% in the fourth quarter. abrdn plc now owns 1,733,417 shares of the pipeline company’s stock worth $47,539,000 after acquiring an additional 67,795 shares during the last quarter. Trust Point Inc. purchased a new stake in shares of Kinder Morgan during the fourth quarter worth $243,000. Finally, Holistic Planning LLC acquired a new stake in Kinder Morgan during the fourth quarter valued at $221,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In related 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 directly owns 861,652 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 54,000 shares of company stock worth $1,493,100. 12.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMI. Royal Bank of Canada raised their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley increased their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Truist Financial lifted their price objective 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. Finally, Barclays raised their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Stock Down 3.1 %

Shares of KMI stock opened at $26.79 on Friday. The stock has a 50 day moving average of $27.94 and a 200-day moving average of $24.86. The firm has a market cap of $59.51 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. 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, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48.

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 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, equities analysts predict that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.29%. Kinder Morgan’s dividend payout ratio (DPR) is 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.