Nwam LLC Decreases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Nwam LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,087 shares of the pipeline company’s stock after selling 1,221 shares during the quarter. Nwam LLC’s holdings in Kinder Morgan were worth $413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in shares of Kinder Morgan by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 165,727 shares of the pipeline company’s stock worth $4,541,000 after acquiring an additional 440 shares in the last quarter. Checchi Capital Advisers LLC increased its stake in Kinder Morgan by 4.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 22,905 shares of the pipeline company’s stock valued at $628,000 after purchasing an additional 884 shares during the last quarter. National Pension Service raised its stake in Kinder Morgan by 55.6% during the 4th quarter. National Pension Service now owns 4,573,495 shares of the pipeline company’s stock worth $125,314,000 after acquiring an additional 1,634,631 shares in the last quarter. Advisor OS LLC lifted its holdings in shares of Kinder Morgan by 5.0% in the 4th quarter. Advisor OS LLC now owns 37,333 shares of the pipeline company’s stock valued at $1,023,000 after purchasing an additional 1,792 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in Kinder Morgan by 246.1% in the fourth quarter. Lake Street Advisors Group LLC now owns 162,364 shares of the pipeline company’s stock valued at $4,449,000 after buying an additional 115,455 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 3.4 %

Shares of NYSE KMI opened at $27.09 on Friday. The stock has a market capitalization of $60.19 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.18 and a 52 week high of $31.48. The firm has a 50-day moving average price of $27.77 and a 200 day moving average price of $25.52. 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 posted 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 net margin of 17.31% and a return on equity of 8.09%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,504,136 over the last 90 days. 12.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KMI shares. Barclays lifted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. UBS Group lifted their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Morgan Stanley upped their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Mizuho lifted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

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.