Cyndeo Wealth Partners LLC Buys 4,516 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Cyndeo Wealth Partners LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 306,857 shares of the pipeline company’s stock after acquiring an additional 4,516 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Kinder Morgan were worth $8,408,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the 3rd quarter worth about $28,000. HWG Holdings LP acquired a new position in Kinder Morgan during the 2nd quarter valued at about $30,000. Finally, Planning Capital Management Corp boosted its stake in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KMI shares. Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Barclays upped their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. UBS Group increased their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday. Eight 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.92.

Kinder Morgan Price Performance

NYSE:KMI opened at $30.23 on Friday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm’s 50-day simple moving average is $28.03 and its 200 day simple moving average is $24.44. The firm has a market cap of $67.16 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 8.10%. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 3.80%. Kinder Morgan’s dividend payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,121 shares of company stock valued at $1,497,000 over the last three months. 12.64% of the stock is owned by 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.