Keudell Morrison Wealth Management Decreases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Keudell Morrison Wealth Management reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,457 shares of the pipeline company’s stock after selling 2,242 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Kinder Morgan were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of KMI. AQR Capital Management LLC raised its position in shares of Kinder Morgan by 11.2% during the 2nd quarter. AQR Capital Management LLC now owns 457,238 shares of the pipeline company’s stock worth $9,040,000 after purchasing an additional 45,917 shares during the last quarter. Creative Planning raised its holdings in shares of Kinder Morgan by 16.4% in the second quarter. Creative Planning now owns 391,908 shares of the pipeline company’s stock worth $7,787,000 after acquiring an additional 55,207 shares during the last quarter. Quarry LP purchased a new stake in shares of Kinder Morgan in the second quarter valued at $52,000. Cetera Investment Advisers increased its position in Kinder Morgan by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 1,428,295 shares of the pipeline company’s stock worth $28,380,000 after purchasing an additional 8,078 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Kinder Morgan in the 2nd quarter valued at about $8,597,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,121 shares of company stock worth $1,497,000 over the last 90 days. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $28.08 on Friday. The firm’s fifty day simple moving average is $27.99 and its 200 day simple moving average is $24.65. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The firm has a market capitalization of $62.37 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 3.10 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KMI. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

About Kinder Morgan

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.