MeadowBrook Investment Advisors LLC Decreases Holdings in Kinder Morgan, Inc. (NYSE:KMI)

MeadowBrook Investment Advisors LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 54.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,772 shares of the pipeline company’s stock after selling 12,985 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Kinder Morgan were worth $295,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth about $28,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter worth about $29,000. Finally, Planning Capital Management Corp raised its position in Kinder Morgan by 143.6% in the 3rd 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 period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 54,000 shares of company stock valued at $1,493,100. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI opened at $26.78 on Wednesday. The company has a market cap of $59.48 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a 50 day moving average of $27.89 and a two-hundred day moving average of $25.01.

Kinder Morgan (NYSE:KMI) last announced its earnings results 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 8.09%. As a group, analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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. The ex-dividend date is 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 is currently 98.29%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Truist Financial raised 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. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup raised their target price 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. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

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.