Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,674 shares of the pipeline company’s stock after buying an additional 997 shares during the period. Focus Financial Network Inc.’s holdings in Kinder Morgan were worth $402,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KMI. Creative Planning lifted its position in Kinder Morgan by 5.2% in the third quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock valued at $9,109,000 after purchasing an additional 20,468 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in Kinder Morgan in the third quarter valued at about $232,000. Tsfg LLC lifted its position in Kinder Morgan by 72.1% in the third quarter. Tsfg LLC now owns 2,430 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 1,018 shares during the period. SeaCrest Wealth Management LLC lifted its position in Kinder Morgan by 9.4% in the third quarter. SeaCrest Wealth Management LLC now owns 20,711 shares of the pipeline company’s stock valued at $457,000 after purchasing an additional 1,778 shares during the period. Finally, FLC Capital Advisors lifted its position in Kinder Morgan by 6.6% in the third quarter. FLC Capital Advisors now owns 20,999 shares of the pipeline company’s stock valued at $464,000 after purchasing an additional 1,291 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KMI. Citigroup raised their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Trading Up 1.2 %

Shares of KMI opened at $26.59 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The firm has a 50 day simple moving average of $27.85 and a 200-day simple moving average of $25.05. Kinder Morgan, Inc. has a 1-year low of $16.49 and a 1-year high of $31.48. The stock has a market cap of $59.06 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders 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 yield of 4.33%. Kinder Morgan’s payout ratio is currently 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 54,000 shares of company stock valued at $1,493,100. Company insiders own 12.64% of the company’s stock.

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.