Pinnacle Wealth Planning Services Inc. Lowers Position in Kinder Morgan, Inc. (NYSE:KMI)

Pinnacle Wealth Planning Services Inc. lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 25.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,720 shares of the pipeline company’s stock after selling 6,049 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Kinder Morgan were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMI. Raymond James Financial Inc. purchased a new stake in Kinder Morgan during the fourth quarter valued at about $157,804,000. Barclays PLC raised its position in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Fisher Funds Management LTD purchased a new stake in Kinder Morgan during the fourth quarter valued at about $62,534,000. National Bank of Canada FI raised its position in Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares in the last quarter. Finally, National Pension Service raised its position in Kinder Morgan by 55.6% during the fourth quarter. National Pension Service now owns 4,573,495 shares of the pipeline company’s stock valued at $125,314,000 after purchasing an additional 1,634,631 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan 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 sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KMI shares. UBS Group raised their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Monday. Truist Financial lifted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Kinder Morgan Stock Down 1.7 %

NYSE KMI opened at $26.27 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The stock has a market capitalization of $58.36 billion, a PE ratio of 22.45, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.45 and a 1 year high of $31.48. The business’s 50-day moving average is $27.73 and its 200 day moving average is $25.65.

Kinder Morgan (NYSE:KMI) last posted 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 8.09%. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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 was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.38%. Kinder Morgan’s payout ratio is 98.29%.

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.