Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Jackson Wealth Management LLC

Jackson Wealth Management LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 122,229 shares of the pipeline company’s stock after acquiring an additional 2,829 shares during the quarter. Jackson Wealth Management LLC’s holdings in Kinder Morgan were worth $3,349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $27,000. Heck Capital Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $28,000. Finally, Planning Capital Management Corp boosted its holdings in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Citigroup lifted their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

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 stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.81% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

KMI opened at $27.53 on Wednesday. The company has a market capitalization of $61.16 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The business has a 50 day moving average price of $27.96 and a two-hundred day moving average price of $24.80.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. Research analysts predict that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.18%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

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.