Cyndeo Wealth Partners LLC Has $8.54 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Cyndeo Wealth Partners LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,598 shares of the pipeline company’s stock after acquiring an additional 15,212 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Kinder Morgan were worth $8,538,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KMI. Board of the Pension Protection Fund bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Strategic Advocates LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at $32,000. CoreFirst Bank & Trust bought a new position in Kinder Morgan in the second quarter worth $35,000. Private Wealth Management Group LLC boosted its stake in Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after buying an additional 595 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after buying an additional 1,032 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.7%

Shares of NYSE:KMI opened at $32.88 on Friday. The company’s fifty day moving average is $31.31 and its 200-day moving average is $28.59. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $34.24. The company has a market capitalization of $73.15 billion, a PE ratio of 24.00, a P/E/G ratio of 3.03 and a beta of 0.68.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (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 business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter last year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend 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 Buying and Selling

In other news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.30, for a total value of $51,615.00. Following the transaction, the vice president directly owned 46,393 shares of the company’s stock, valued at $1,544,886.90. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,048 shares of company stock valued at $1,469,863 in the last ninety days. 12.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMI. Scotiabank increased their price objective on shares of Kinder Morgan from $30.00 to $31.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 17th. UBS Group reissued a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Jefferies Financial Group increased their price target on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, TD Cowen lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.46.

About Kinder Morgan

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.