Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Shilanski & Associates Inc.

Shilanski & Associates Inc. lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,703 shares of the pipeline company’s stock after selling 926 shares during the quarter. Shilanski & Associates Inc.’s holdings in Kinder Morgan were worth $3,828,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the fourth quarter worth approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan in the 3rd quarter worth $28,000. HWG Holdings LP acquired a new position in Kinder Morgan in the second quarter valued at $30,000. Finally, Planning Capital Management Corp grew its position 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 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.

Insiders Place Their Bets

In other news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 over the last 90 days. 12.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial raised their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday. Mizuho boosted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group raised their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Eight investment 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 stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $28.92.

Kinder Morgan Trading Down 0.9 %

Shares of KMI opened at $30.50 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a 50-day moving average price of $27.90 and a 200 day moving average price of $24.32. The company has a market capitalization of $67.77 billion, a P/E ratio of 26.07, a P/E/G ratio of 4.13 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 8.10%. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.27 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 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.