J.W. Cole Advisors Inc. Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

J.W. Cole Advisors Inc. lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 38.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,593 shares of the pipeline company’s stock after purchasing an additional 9,090 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Kinder Morgan were worth $893,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KMI. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the third quarter valued at $28,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $29,000. Finally, Planning Capital Management Corp lifted its stake 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 worth $30,000 after purchasing an additional 797 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the sale, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 54,000 shares of company stock valued at $1,493,100. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Truist Financial lifted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, 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 objective on the stock. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Price Performance

KMI opened at $26.77 on Wednesday. The stock’s 50 day moving average price is $27.79 and its 200-day moving average price is $25.19. Kinder Morgan, Inc. has a 52-week low of $17.00 and a 52-week high of $31.48. The stock has a market capitalization of $59.48 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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%. On average, equities research 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 was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. 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.