Virginia Wealth Management Group Inc. Sells 2,809 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Virginia Wealth Management Group Inc. trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 205,461 shares of the pipeline company’s stock after selling 2,809 shares during the quarter. Kinder Morgan comprises about 3.5% of Virginia Wealth Management Group Inc.’s portfolio, making the stock its 3rd biggest holding. Virginia Wealth Management Group Inc.’s holdings in Kinder Morgan were worth $5,630,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KMI. CX Institutional boosted its stake in Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after buying an additional 354 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Kinder Morgan by 3.6% during the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 367 shares during the last quarter. Ignite Planners LLC boosted its position in shares of Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after purchasing an additional 372 shares during the period. Eagle Bay Advisors LLC raised its holdings in Kinder Morgan by 8.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock worth $142,000 after buying an additional 385 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Kinder Morgan by 0.5% during the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock valued at $2,000,000 after buying an additional 414 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KMI. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada upped their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Finally, Truist Financial increased their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.53 on Wednesday. The stock has a market capitalization of $61.16 billion, a P/E ratio of 23.53, a P/E/G 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. The business has a 50-day moving average of $27.96 and a two-hundred day moving average of $24.80. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities 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 given a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.18%. Kinder Morgan’s dividend payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the sale, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 12.81% of the company’s stock.

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.