Cetera Investment Advisers Raises Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Cetera Investment Advisers lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,512,452 shares of the pipeline company's stock after acquiring an additional 79,631 shares during the period. Cetera Investment Advisers owned 0.07% of Kinder Morgan worth $41,441,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $25,000. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $25,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter worth $29,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock valued at $30,000 after purchasing an additional 703 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Up 1.5 %

KMI opened at $27.61 on Thursday. Kinder Morgan, Inc. has a one year low of $18.65 and a one year high of $31.48. The stock has a market cap of $61.35 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 3.08 and a beta of 0.74. The stock's 50 day moving average price is $27.01 and its 200-day moving average price is $27.15. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.24%. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.79.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. The trade was a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,461 shares of company stock valued at $3,007,516 in the last ninety days. Corporate insiders own 12.73% of the company's stock.

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.

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