Inlet Private Wealth LLC Sells 16,200 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Inlet Private Wealth LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 20.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 64,900 shares of the pipeline company’s stock after selling 16,200 shares during the quarter. Inlet Private Wealth LLC’s holdings in Kinder Morgan were worth $1,778,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the fourth quarter worth $25,000. Modus Advisors LLC bought a new position in Kinder Morgan during the fourth quarter valued at about $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter worth about $29,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the third quarter worth about $28,000. Finally, Planning Capital Management Corp boosted its stake 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 valued at $30,000 after acquiring an additional 797 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $27.49 on Friday. The stock has a market capitalization of $61.06 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 3.10 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $31.48. 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 50 day simple moving average is $27.97 and its two-hundred day simple moving average is $24.70.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results 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%. Analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Dividend Announcement

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 issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.18%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’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 completion of the transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock valued at $1,497,000 in the last 90 days. Insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KMI. Morgan Stanley lifted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Barclays boosted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Nine investment 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. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target 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.