Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,740 shares of the pipeline company’s stock after selling 3,765 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Kinder Morgan were worth $760,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the third quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $29,000. Finally, Planning Capital Management Corp increased its stake in shares of 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 buying an additional 797 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Down 0.3 %

Kinder Morgan stock opened at $27.50 on Tuesday. The company has a 50-day simple moving average of $27.97 and a 200-day simple moving average of $24.76. The firm has a market capitalization of $61.10 billion, a P/E ratio of 23.52, a P/E/G ratio of 3.12 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. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced 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. The ex-dividend date 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 dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on KMI shares. The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays lifted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. UBS Group lifted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Truist Financial lifted 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 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.14.

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.