GPS Wealth Strategies Group LLC Has $466,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

GPS Wealth Strategies Group LLC trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,023 shares of the pipeline company’s stock after selling 1,648 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Kinder Morgan were worth $466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Centaurus Financial Inc. boosted its holdings in shares of Kinder Morgan by 67.7% during the 2nd quarter. Centaurus Financial Inc. now owns 9,151 shares of the pipeline company’s stock valued at $182,000 after acquiring an additional 3,694 shares in the last quarter. 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 purchasing an additional 5,507 shares during the last quarter. Czech National Bank increased its stake in shares of Kinder Morgan by 6.9% in the third 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 period. 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 buying an additional 6,932 shares during the period. Finally, Diversified Trust Co bought a new stake in shares of Kinder Morgan in the third quarter worth $467,000. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on KMI shares. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Citigroup upped their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Truist Financial lifted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Nine equities 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Trading Down 2.2 %

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 business has a 50 day moving average price of $27.97 and a 200-day moving average price of $24.73. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a market cap of $61.06 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 3.12 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released 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 return on equity of 8.09% and a net margin of 17.31%. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were purchased 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 of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were 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 owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,121 shares of company stock valued at $1,497,000. Corporate insiders own 12.81% of the company’s stock.

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.