Houlihan Financial Resource Group Ltd. Boosts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Houlihan Financial Resource Group Ltd. increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,819 shares of the pipeline company’s stock after purchasing an additional 1,004 shares during the quarter. Houlihan Financial Resource Group Ltd.’s holdings in Kinder Morgan were worth $1,584,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $29,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now directly owns 825,652 shares of the company’s stock, valued at $21,970,599.72. This represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock worth $3,490,996. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $28.76 on Tuesday. The firm has a market cap of $63.91 billion, a P/E ratio of 24.58, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $17.61 and a 52-week high of $31.48. The business’s 50-day moving average price is $27.57 and its 200 day moving average price is $26.21. 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 announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.00%. Kinder Morgan’s payout ratio is currently 98.29%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Citigroup raised their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Scotiabank assumed coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Truist Financial increased their price target 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. The Goldman Sachs Group upped 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. Finally, UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

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.