Lake Street Advisors Group LLC Has $4.45 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Lake Street Advisors Group LLC increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 246.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 162,364 shares of the pipeline company’s stock after purchasing an additional 115,455 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Kinder Morgan were worth $4,449,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. NCP Inc. boosted its stake in Kinder Morgan by 18.5% in the 4th quarter. NCP Inc. now owns 12,907 shares of the pipeline company’s stock worth $354,000 after purchasing an additional 2,018 shares during the period. Longbow Finance SA acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $10,072,000. Illinois Municipal Retirement Fund grew its position in Kinder Morgan by 3.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 746,981 shares of the pipeline company’s stock valued at $20,467,000 after purchasing an additional 26,542 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Kinder Morgan by 8.6% during the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company’s stock worth $376,332,000 after buying an additional 1,093,242 shares in the last quarter. Finally, Synergy Financial Group LTD boosted its stake in shares of Kinder Morgan by 5.4% during the 4th quarter. Synergy Financial Group LTD now owns 13,515 shares of the pipeline company’s stock worth $370,000 after buying an additional 694 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.5 %

Shares of NYSE:KMI opened at $26.09 on Wednesday. The stock has a market cap of $57.96 billion, a PE ratio of 22.29, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.02 and a 12-month high of $31.48. The business has a 50 day moving average of $27.76 and a 200-day moving average of $25.44.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 98.29%.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents 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. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,504,136 in the last quarter. 12.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on KMI shares. Wells Fargo & Company lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. UBS Group upped their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Mizuho lifted their price objective 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 upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.14.

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.