Atria Wealth Solutions Inc. Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Atria Wealth Solutions Inc. raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,779 shares of the pipeline company’s stock after acquiring an additional 18,078 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Kinder Morgan were worth $5,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after buying an additional 29,861 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares in the last quarter. Golden State Equity Partners grew its holdings in shares of Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after buying an additional 15,800 shares in the last quarter. Barclays PLC grew its holdings in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Kinder Morgan by 116.1% during the fourth quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock worth $5,772,000 after buying an additional 113,173 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. The Goldman Sachs Group boosted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank assumed coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Finally, Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction 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 $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock worth $3,504,136. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.3 %

Kinder Morgan stock opened at $26.84 on Thursday. The company has a 50-day simple moving average of $27.79 and a 200-day simple moving average of $25.25. The firm has a market capitalization of $59.63 billion, a P/E ratio of 22.94, a P/E/G ratio of 3.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a one year low of $17.00 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS 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%. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.29%. Kinder Morgan’s dividend payout ratio is currently 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.