Corient Private Wealth LLC Has $20.79 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Corient Private Wealth LLC reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 758,599 shares of the pipeline company’s stock after selling 17,649 shares during the quarter. Corient Private Wealth LLC’s holdings in Kinder Morgan were worth $20,786,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan during the fourth quarter worth about $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the fourth quarter worth about $29,000. Finally, SRS Capital Advisors Inc. grew its position in Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after buying an additional 703 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on KMI. Citigroup lifted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Monday, March 3rd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Seven investment 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.64.

Insiders Place Their Bets

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 sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,461 shares of company stock worth $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 1.0 %

Shares of Kinder Morgan stock opened at $27.51 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The business has a fifty day simple moving average of $27.59 and a 200 day simple moving average of $26.02. The stock has a market cap of $61.13 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.18%. Kinder Morgan’s dividend payout ratio is presently 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.