Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Elevation Wealth Partners LLC

Elevation Wealth Partners LLC cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 42.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 951 shares of the pipeline company’s stock after selling 689 shares during the quarter. Elevation Wealth Partners LLC’s holdings in Kinder Morgan were worth $26,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter valued at $28,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $29,000. Finally, Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 54,000 shares of company stock valued at $1,493,100. Insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 1.1 %

Shares of NYSE KMI opened at $27.07 on Monday. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $60.13 billion, a P/E ratio of 23.13, a PEG ratio of 3.16 and a beta of 0.94. The stock’s 50 day moving average price is $27.89 and its two-hundred day moving average price is $24.94.

Kinder Morgan (NYSE:KMI) last released 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%. On average, 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 disclosed 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. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.25%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KMI shares. Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Mizuho raised their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Citigroup upped their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Nine equities research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.