SteelPeak Wealth LLC Has $363,000 Stake in Kinder Morgan, Inc. $KMI

SteelPeak Wealth LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 95.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,209 shares of the pipeline company’s stock after selling 295,632 shares during the period. SteelPeak Wealth LLC’s holdings in Kinder Morgan were worth $363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $27,000. Dorato Capital Management bought a new stake in Kinder Morgan during the fourth quarter worth approximately $30,000. Strategic Advocates LLC bought a new stake in Kinder Morgan during the third quarter worth approximately $32,000. Lodestone Wealth Management LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $33,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Kinder Morgan in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.0%

KMI opened at $32.96 on Monday. The business has a 50 day moving average of $32.41 and a 200-day moving average of $29.06. The stock has a market capitalization of $73.33 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 3.01 and a beta of 0.64. 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, Inc. has a 1-year low of $23.94 and a 1-year high of $34.73.

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

Kinder Morgan Dividend Announcement

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 of this dividend was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Analyst Ratings Changes

A number of analysts have recently weighed in on KMI shares. TD Cowen boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Citigroup lifted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, March 30th. Jefferies Financial Group boosted their target price on shares of Kinder Morgan from $31.00 to $36.00 and gave the stock a “hold” rating in a research report on Tuesday, March 24th. Mizuho upped their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Finally, Wells Fargo & Company raised their price target on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Eight investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $34.33.

Insiders Place Their Bets

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of the company’s 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 completion of the transaction, the chief financial officer owned 139,428 shares of the company’s stock, valued at $4,182,840. This represents a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William A. Smith acquired 3,000 shares of Kinder Morgan stock in a transaction on Monday, February 2nd. The stock was purchased at an average price of $29.75 per share, with a total value of $89,250.00. Following the transaction, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 41,882 shares of company stock valued at $1,300,359 in the last quarter. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Company Profile

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.