9,140 Shares in Kinder Morgan, Inc. (NYSE:KMI) Bought by LCM Capital Management Inc

LCM Capital Management Inc acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,140 shares of the pipeline company’s stock, valued at approximately $250,000.

A number of other large investors have also recently bought and sold shares of KMI. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the fourth quarter valued at about $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, Planning Capital Management Corp boosted its position in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.5 %

Shares of NYSE:KMI opened at $27.64 on Thursday. The business’s 50-day moving average is $27.95 and its 200-day moving average is $24.85. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The company has a market capitalization of $61.41 billion, a price-to-earnings ratio of 23.63, a P/E/G ratio of 3.12 and a beta of 0.94. 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 (NYSE:KMI) last posted its quarterly earnings results 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%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business 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. This represents a $1.15 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Citigroup boosted their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated 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 sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 12.81% of the company’s stock.

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.