Activest Wealth Management Sells 463 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Activest Wealth Management decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 31.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,015 shares of the pipeline company’s stock after selling 463 shares during the quarter. Activest Wealth Management’s holdings in Kinder Morgan were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KMI. Clarius Group LLC bought a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $206,000. Carnegie Investment Counsel lifted its holdings in Kinder Morgan by 2.7% during the third quarter. Carnegie Investment Counsel now owns 633,873 shares of the pipeline company’s stock worth $14,002,000 after acquiring an additional 16,649 shares during the period. Exchange Traded Concepts LLC boosted its position in Kinder Morgan by 2.9% in the third quarter. Exchange Traded Concepts LLC now owns 2,068,338 shares of the pipeline company’s stock worth $45,690,000 after purchasing an additional 57,462 shares during the last quarter. CHICAGO TRUST Co NA grew its stake in Kinder Morgan by 30.1% in the 3rd quarter. CHICAGO TRUST Co NA now owns 25,286 shares of the pipeline company’s stock valued at $559,000 after purchasing an additional 5,852 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its stake in shares of Kinder Morgan by 23.1% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 18,522 shares of the pipeline company’s stock worth $409,000 after purchasing an additional 3,480 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMI. 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 report on Thursday, January 23rd. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Scotiabank assumed coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Finally, Royal Bank of Canada increased 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. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.07 on Monday. The company’s 50 day simple moving average is $27.89 and its two-hundred day simple moving average is $24.94. 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, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The stock has a market capitalization of $60.13 billion, a PE ratio of 23.13, a P/E/G ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 return on equity of 8.09% and a net margin of 17.31%. Analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

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 Wednesday, December 4th. The shares were 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 in the company, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 54,000 shares of company stock worth $1,493,100 over the last three months. 12.64% of the stock is owned by 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.