Quotient Wealth Partners LLC Invests $254,000 in Kinder Morgan, Inc. (NYSE:KMI)

Quotient Wealth Partners LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, Holdings Channel.com reports. The fund acquired 9,261 shares of the pipeline company’s stock, valued at approximately $254,000.

Other institutional investors also recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP increased its holdings in shares of Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after buying an additional 69,307 shares during the last quarter. Barclays PLC grew its position in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. Bank of Montreal Can increased its stake in Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after acquiring an additional 164,152 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Kinder Morgan by 0.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after purchasing an additional 29,861 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Kinder Morgan by 30.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock worth $88,534,000 after purchasing an additional 932,469 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction 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 transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 54,000 shares of company stock worth $1,493,100. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.07 on Tuesday. The firm has a market capitalization of $60.14 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The business’s fifty day moving average price is $27.89 and its 200 day moving average price is $24.96. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48.

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

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid 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 is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Royal Bank of Canada boosted their target price 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. The Goldman Sachs Group raised their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Barclays boosted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Nine equities research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

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.