Wilmington Savings Fund Society FSB Trims Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Wilmington Savings Fund Society FSB cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,602 shares of the pipeline company’s stock after selling 860 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Kinder Morgan were worth $455,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $29,000. Finally, Planning Capital Management Corp increased its holdings in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 54,000 shares of company stock valued at $1,493,100 in the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group increased their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Bank of America assumed coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Price Performance

KMI opened at $26.78 on Wednesday. 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 company has a market cap of $59.48 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The stock has a fifty day simple moving average of $27.89 and a two-hundred day simple moving average of $25.01. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Research analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.30%. Kinder Morgan’s payout ratio is currently 98.29%.

Kinder Morgan 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.