Old North State Wealth Management LLC Decreases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Old North State Wealth Management LLC lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,905 shares of the pipeline company’s stock after selling 1,718 shares during the period. Old North State Wealth Management LLC’s holdings in Kinder Morgan were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Czech National Bank raised its holdings in shares of Kinder Morgan by 6.9% in the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after buying an additional 25,406 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Kinder Morgan by 34.1% in the 3rd quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company’s stock worth $602,000 after acquiring an additional 6,932 shares during the period. Diversified Trust Co purchased a new stake in shares of Kinder Morgan in the third quarter valued at about $467,000. Ignite Planners LLC acquired a new position in shares of Kinder Morgan during the third quarter worth about $213,000. Finally, Atomi Financial Group Inc. raised its stake in shares of Kinder Morgan by 8.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 64,838 shares of the pipeline company’s stock worth $1,432,000 after buying an additional 5,080 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Morgan Stanley lifted their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, UBS Group upped their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.81% of the stock is owned by corporate insiders.

Kinder Morgan Trading Down 0.2 %

Shares of KMI stock opened at $27.53 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The firm has a market cap of $61.16 billion, a P/E ratio of 23.53, a PEG ratio of 3.12 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The firm’s 50-day simple moving average is $27.96 and its 200-day simple moving average is $24.80.

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%. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Dividend Announcement

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

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.