Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,744 shares of the pipeline company’s stock after acquiring an additional 4,001 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Kinder Morgan were worth $1,363,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan in the fourth quarter valued at about $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $29,000. Finally, Planning Capital Management Corp lifted its stake in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 1.1 %

Kinder Morgan stock opened at $27.07 on Monday. The company’s 50-day moving average price is $27.89 and its two-hundred day moving average price is $24.94. The stock has a market cap of $60.13 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. On average, analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Barclays lifted their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Citigroup increased 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. 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. Finally, Scotiabank started coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 54,000 shares of company stock valued at $1,493,100. 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.