CFM Wealth Partners LLC Has $521,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

CFM Wealth Partners LLC trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,005 shares of the pipeline company’s stock after selling 3,389 shares during the period. CFM Wealth Partners LLC’s holdings in Kinder Morgan were worth $521,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Centaurus Financial Inc. raised its stake in shares of Kinder Morgan by 67.7% in the 2nd quarter. Centaurus Financial Inc. now owns 9,151 shares of the pipeline company’s stock valued at $182,000 after purchasing an additional 3,694 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of Kinder Morgan by 111.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 10,450 shares of the pipeline company’s stock worth $231,000 after buying an additional 5,507 shares in the last quarter. Czech National Bank raised its position in Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after buying an additional 25,406 shares during the last quarter. GAMMA Investing LLC boosted its position in Kinder Morgan by 34.1% during the 3rd quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company’s stock worth $602,000 after acquiring an additional 6,932 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Kinder Morgan in the third quarter worth $467,000. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. 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 report on Tuesday, November 26th. Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Barclays raised their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.49 on Monday. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48. The stock has a market cap of $61.06 billion, a PE ratio of 23.49, a P/E/G ratio of 3.12 and a beta of 0.94. The firm has a 50-day moving average of $27.97 and a 200-day moving average of $24.73. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 98.29%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is currently owned by corporate insiders.

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.