Consolidated Portfolio Review Corp Acquires 2,151 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Consolidated Portfolio Review Corp grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 20.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,631 shares of the pipeline company’s stock after purchasing an additional 2,151 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Kinder Morgan were worth $346,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan in the fourth quarter worth $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth about $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $29,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the 3rd quarter valued at about $28,000. Finally, Planning Capital Management Corp raised its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s 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 in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 54,000 shares of company stock worth $1,493,100. Insiders own 12.81% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Barclays boosted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group raised their price objective 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. Truist Financial upped their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Finally, Citigroup lifted their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Stock Up 1.1 %

KMI stock opened at $27.07 on Friday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The stock has a market cap of $60.13 billion, a P/E ratio of 23.13, a P/E/G ratio of 3.12 and a beta of 0.94. The stock’s fifty day simple moving average is $27.92 and its two-hundred day simple moving average is $24.88. The company has a current ratio of 0.49, a quick ratio of 0.35 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 for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Analysts expect that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Announces Dividend

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 issued a $0.2875 dividend. 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 4.25%. Kinder Morgan’s dividend payout ratio (DPR) is presently 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.