Avestar Capital LLC Has $349,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Avestar Capital LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,722 shares of the pipeline company’s stock after buying an additional 1,006 shares during the quarter. Avestar Capital LLC’s holdings in Kinder Morgan were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of KMI. Creative Planning grew its position in Kinder Morgan by 5.2% in the 3rd quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock valued at $9,109,000 after purchasing an additional 20,468 shares during the period. SeaCrest Wealth Management LLC grew its position in Kinder Morgan by 9.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 20,711 shares of the pipeline company’s stock valued at $457,000 after purchasing an additional 1,778 shares during the period. nVerses Capital LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at $75,000. Good Life Advisors LLC grew its position in Kinder Morgan by 5.6% in the 3rd quarter. Good Life Advisors LLC now owns 17,279 shares of the pipeline company’s stock valued at $382,000 after purchasing an additional 924 shares during the period. Finally, Global Retirement Partners LLC grew its position in Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after purchasing an additional 776 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.2 %

NYSE KMI opened at $26.61 on Friday. The stock has a market capitalization of $59.11 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $16.51 and a one 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 0.35. The business’s fifty day moving average is $27.82 and its 200-day moving average is $25.06.

Kinder Morgan (NYSE:KMI) last released its earnings results 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%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed 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. This represents a $1.15 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Analysts Set New Price Targets

Several analysts recently issued reports on KMI shares. The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial lifted 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. Mizuho raised their price objective 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 objective on 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 raised their price objective 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 given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $29.14.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is owned by insiders.

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.