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

Kestra Private Wealth Services LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 165,593 shares of the pipeline company’s stock after selling 8,969 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Kinder Morgan were worth $4,537,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the fourth quarter worth approximately $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the third quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth $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. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 54,000 shares of company stock worth $1,493,100 in the last three months. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.1 %

Shares of NYSE:KMI opened at $27.07 on Tuesday. The firm has a market cap of $60.14 billion, a P/E ratio of 23.14, a P/E/G ratio of 3.16 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48. The business has a fifty day simple moving average of $27.89 and a 200 day simple moving average of $24.96.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 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 paid a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Analysts Set New Price Targets

Several research firms have weighed in on KMI. UBS Group upped their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Bank of America began coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the company 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 issued a buy rating and one has assigned 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.

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.