Kestra Private Wealth Services LLC Has $4.54 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Kestra Private Wealth Services LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,593 shares of the pipeline company’s stock after selling 8,969 shares during the period. Kestra Private Wealth Services LLC’s holdings in Kinder Morgan were worth $4,537,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KMI. Clarius Group LLC acquired a new position in Kinder Morgan in the third quarter valued at about $206,000. CHICAGO TRUST Co NA grew its stake in Kinder Morgan by 30.1% in the third quarter. CHICAGO TRUST Co NA now owns 25,286 shares of the pipeline company’s stock valued at $559,000 after acquiring an additional 5,852 shares during the period. Orca Investment Management LLC grew its stake in Kinder Morgan by 4.9% in the third quarter. Orca Investment Management LLC now owns 37,542 shares of the pipeline company’s stock valued at $829,000 after acquiring an additional 1,765 shares during the period. ORG Wealth Partners LLC acquired a new position in Kinder Morgan in the third quarter valued at about $344,000. Finally, Fiduciary Alliance LLC acquired a new position in Kinder Morgan in the third quarter valued at about $3,197,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KMI. UBS Group boosted their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Citigroup boosted their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Mizuho boosted their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.14.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred 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 transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.07 on Tuesday. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The business’s 50 day moving average price is $27.89 and its two-hundred day moving average price is $24.96. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market cap of $60.14 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted 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 net margin of 17.31% and a return on equity of 8.09%. On average, analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s payout ratio is 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.