Retirement Planning Co of New England Inc. Has $2.15 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Retirement Planning Co of New England Inc. lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,275 shares of the pipeline company’s stock after selling 673 shares during the period. Kinder Morgan comprises about 1.0% of Retirement Planning Co of New England Inc.’s portfolio, making the stock its 21st largest holding. Retirement Planning Co of New England Inc.’s holdings in Kinder Morgan were worth $2,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $27,000. Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $29,000. Finally, SRS Capital Advisors Inc. lifted its stake in Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KMI. Citigroup boosted their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Scotiabank started 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. Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Finally, Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $27.77 on Tuesday. Kinder Morgan, Inc. has a 12-month low of $17.52 and a 12-month high of $31.48. The company’s 50 day moving average price is $27.59 and its two-hundred day moving average price is $25.98. The firm has a market cap of $61.69 billion, a PE ratio of 23.73, a PEG 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 (NYSE:KMI) last issued its quarterly earnings results 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%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is presently 98.29%.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction 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 completion of the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated 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 owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently owned by corporate insiders.

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.