Consolidated Planning Corp Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Consolidated Planning Corp lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.5% in the 4th quarter, HoldingsChannel reports. The fund owned 296,148 shares of the pipeline company’s stock after purchasing an additional 1,564 shares during the quarter. Kinder Morgan comprises 1.1% of Consolidated Planning Corp’s investment portfolio, making the stock its 25th largest position. Consolidated Planning Corp’s holdings in Kinder Morgan were worth $8,114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the fourth quarter worth about $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the third quarter worth $28,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $29,000. Finally, Planning Capital Management Corp boosted its position in shares of Kinder Morgan by 143.6% in the 3rd 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 in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $26.29 on Thursday. 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 stock has a market capitalization of $58.41 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 3.16 and a beta of 0.94. The firm’s 50 day simple moving average is $27.87 and its 200-day simple moving average is $25.04. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors 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 dividend on an annualized basis and a yield of 4.37%. Kinder Morgan’s payout ratio is 98.29%.

Analyst Ratings Changes

Several brokerages recently issued reports on KMI. Truist Financial upped their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Finally, UBS Group lifted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 54,000 shares of company stock worth $1,493,100. 12.64% of the stock is owned by corporate insiders.

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.