Principle Wealth Partners LLC Has $342,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Principle Wealth Partners LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,498 shares of the pipeline company’s stock after selling 1,615 shares during the quarter. Principle Wealth Partners LLC’s holdings in Kinder Morgan were worth $342,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Kinder Morgan by 8.7% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 49,744 shares of the pipeline company’s stock valued at $1,363,000 after purchasing an additional 4,001 shares during the period. Bristlecone Advisors LLC lifted its stake in shares of Kinder Morgan by 2.6% in the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock valued at $433,000 after purchasing an additional 400 shares during the period. Cornerstone Planning Group LLC lifted its stake in shares of Kinder Morgan by 35.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 2,183 shares of the pipeline company’s stock valued at $60,000 after purchasing an additional 571 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $44,000. Finally, Ferguson Wellman Capital Management Inc. increased its position in shares of Kinder Morgan by 22.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 625,039 shares of the pipeline company’s stock valued at $17,126,000 after buying an additional 115,436 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 54,000 shares of company stock worth $1,493,100 in the last three months. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group upped their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Citigroup upped their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial upped their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report 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 stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Price Performance

KMI stock opened at $26.78 on Wednesday. The stock has a 50-day moving average price of $27.89 and a two-hundred day moving average price of $25.01. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The stock has a market cap of $59.48 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted 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%. Equities analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend 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 98.29%.

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.