Accordant Advisory Group Inc Sells 35,105 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Accordant Advisory Group Inc lessened its position in Kinder Morgan, Inc. (NYSE:KMI) by 92.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,780 shares of the pipeline company’s stock after selling 35,105 shares during the quarter. Accordant Advisory Group Inc’s holdings in Kinder Morgan were worth $76,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Kinder Morgan by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after acquiring an additional 29,861 shares during the last quarter. Global Retirement Partners LLC increased its stake in Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after buying an additional 776 shares during the period. Principal Financial Group Inc. increased its stake in Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after buying an additional 71,984 shares during the period. Czech National Bank increased its stake in Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after buying an additional 25,406 shares during the period. Finally, Barclays PLC increased its stake in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on KMI shares. Mizuho raised their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday. 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 note on Thursday, January 23rd. Royal Bank of Canada raised their target price on shares of 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 initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $29.23.

Kinder Morgan Stock Up 0.1 %

KMI stock opened at $27.48 on Wednesday. The firm has a 50 day moving average of $28.02 and a 200 day moving average of $24.55. The stock has a market capitalization of $61.04 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed 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. This represents a $1.15 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 55,121 shares of company stock worth $1,497,000. Company 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.