Columbia Asset Management Makes New $229,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Columbia Asset Management purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,366 shares of the pipeline company’s stock, valued at approximately $229,000.

A number of other hedge funds have also modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $25,000. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. Finally, SRS Capital Advisors Inc. increased its holdings in Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMI has been the subject of several research analyst reports. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Royal Bank of Canada lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research report on Monday, March 3rd. Citigroup increased their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Truist Financial lifted 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. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.64.

Kinder Morgan Trading Up 0.3 %

Shares of NYSE:KMI opened at $28.63 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48. The company’s 50 day moving average is $27.39 and its two-hundred day moving average is $26.52. The company has a market cap of $63.60 billion, a PE ratio of 24.47, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio 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%. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.02%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,490,996 over the last three months. 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.