Savant Capital LLC Sells 2,741 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Savant Capital LLC decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 100,566 shares of the pipeline company’s stock after selling 2,741 shares during the quarter. Savant Capital LLC’s holdings in Kinder Morgan were worth $2,756,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the fourth quarter valued at about $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at $29,000. Finally, Planning Capital Management Corp lifted its position in Kinder Morgan by 143.6% in 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 period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI stock opened at $26.29 on Thursday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The stock has a market capitalization of $58.41 billion, a PE ratio of 22.47, a PEG ratio of 3.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The stock’s fifty day moving average is $27.87 and its 200-day moving average is $25.04.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 8.09% and a net margin of 17.31%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.37%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KMI. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Barclays upped their price objective 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. Finally, Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Company 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.