Financial Engines Advisors L.L.C. Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Financial Engines Advisors L.L.C. cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 10.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 262,312 shares of the pipeline company’s stock after selling 30,250 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Kinder Morgan were worth $7,187,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KMI. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at 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. raised its holdings in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.3 %

KMI stock opened at $28.80 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm has a 50 day simple moving average of $27.57 and a 200-day simple moving average of $26.26. The company has a market capitalization of $63.99 billion, a P/E ratio of 24.62, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 3.99%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upped their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

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.