10,450 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,450 shares of the pipeline company’s stock, valued at approximately $184,000.

A number of other large investors have also made changes to their positions in KMI. Tucker Asset Management LLC acquired a new position in shares of Kinder Morgan during the third quarter worth $25,000. Hartford Financial Management Inc. acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $26,000. VitalStone Financial LLC increased its position in shares of Kinder Morgan by 1,451.0% in the 2nd quarter. VitalStone Financial LLC now owns 1,551 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 1,451 shares during the period. First Capital Advisors Group LLC. acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at $29,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $33,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KMI. Truist Financial reissued a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Hold” and an average price target of $20.20.

View Our Latest Stock Analysis on Kinder Morgan

Insider Transactions at Kinder Morgan

In related news, VP John W. Schlosser sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the transaction, the vice president now directly owns 3,219 shares of the company’s stock, valued at approximately $57,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $17.92 on Wednesday. The firm’s fifty day moving average is $17.33 and its two-hundred day moving average is $17.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.31. The firm has a market cap of $39.76 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 5.03 and a beta of 0.90.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the previous year, the company earned $0.31 earnings per share. The company’s revenue was down 11.8% compared to the same quarter last year. Research analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.2825 per share. This represents a $1.13 annualized dividend and a dividend yield of 6.31%. The ex-dividend date was Tuesday, January 30th. Kinder Morgan’s payout ratio is currently 105.61%.

About Kinder Morgan

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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