RiverFront Investment Group LLC Purchases 24,870 Shares of Kinder Morgan, Inc. (NYSE:KMI)

RiverFront Investment Group LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 79.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 56,122 shares of the pipeline company’s stock after acquiring an additional 24,870 shares during the quarter. RiverFront Investment Group LLC’s holdings in Kinder Morgan were worth $1,538,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the 4th quarter valued at approximately $25,000. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan during the 4th quarter worth $29,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Kinder Morgan by 178.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after buying an additional 703 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred 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 owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,490,996 in the last ninety days. 12.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMI. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, March 5th. UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan Price Performance

KMI opened at $28.39 on Friday. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The company has a market capitalization of $63.07 billion, a price-to-earnings ratio of 24.26, a P/E/G ratio of 3.08 and a beta of 0.94. The firm’s fifty day moving average price is $27.48 and its two-hundred day moving average price is $26.34.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.05%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

About Kinder Morgan

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.