Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Abbot Financial Management Inc.

Abbot Financial Management Inc. lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 43,450 shares of the pipeline company’s stock after selling 1,890 shares during the period. Abbot Financial Management Inc.’s holdings in Kinder Morgan were worth $1,191,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KMI. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $29,000. Finally, Planning Capital Management Corp boosted its position in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Citigroup boosted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Finally, Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.21.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 111,461 shares of company stock valued at $3,012,016. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.4 %

Kinder Morgan stock opened at $27.04 on Wednesday. The firm has a market capitalization of $60.07 billion, a P/E ratio of 23.11, a P/E/G ratio of 3.08 and a beta of 0.94. The stock’s fifty day simple moving average is $27.76 and its 200-day simple moving average is $25.64. Kinder Morgan, Inc. has a twelve month low of $17.45 and a twelve month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

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.