Fiduciary Alliance LLC Boosts Holdings in Kinder Morgan, Inc. $KMI

Fiduciary Alliance LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 370,225 shares of the pipeline company’s stock after buying an additional 22,993 shares during the quarter. Fiduciary Alliance LLC’s holdings in Kinder Morgan were worth $10,177,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Personal CFO Solutions LLC boosted its holdings in shares of Kinder Morgan by 4.5% in the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock worth $217,000 after buying an additional 340 shares during the last quarter. Evermay Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 1.5% in the fourth quarter. Evermay Wealth Management LLC now owns 31,332 shares of the pipeline company’s stock worth $861,000 after buying an additional 460 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of Kinder Morgan by 9.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 48,091 shares of the pipeline company’s stock worth $1,322,000 after buying an additional 3,971 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of Kinder Morgan by 43.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 106,569 shares of the pipeline company’s stock worth $2,930,000 after buying an additional 32,396 shares during the last quarter. Finally, BIP Wealth LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth approximately $1,077,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th. Truist Financial initiated coverage on shares of Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price on the stock. Finally, Mizuho raised their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Eight research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.33.

View Our Latest Report on Kinder Morgan

Kinder Morgan Price Performance

NYSE KMI opened at $32.95 on Friday. Kinder Morgan, Inc. has a 12 month low of $25.11 and a 12 month high of $34.73. The stock has a market cap of $73.31 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 3.01 and a beta of 0.64. The company’s 50 day moving average is $32.67 and its two-hundred day moving average is $29.19. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMIGet Free Report) last released its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Insider Activity

In other news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.30, for a total transaction of $51,615.00. Following the sale, the vice president owned 46,393 shares in the company, valued at $1,544,886.90. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William A. Smith acquired 3,000 shares of Kinder Morgan stock in a transaction dated Monday, February 2nd. The shares were bought at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the transaction, the director owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. The trade was a 10.68% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 48,048 shares of company stock valued at $1,503,406. Company insiders own 12.73% of the company’s stock.

Key Kinder Morgan News

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About Kinder Morgan

(Free Report)

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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