Kinder Morgan, Inc. (NYSE:KMI) Stake Decreased by Good Life Advisors LLC

Good Life Advisors LLC reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,965 shares of the pipeline company’s stock after selling 2,314 shares during the quarter. Good Life Advisors LLC’s holdings in Kinder Morgan were worth $410,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Financial Perspectives Inc increased its holdings in shares of Kinder Morgan by 2,883.2% during the fourth quarter. Financial Perspectives Inc now owns 3,192 shares of the pipeline company’s stock valued at $87,000 after purchasing an additional 3,085 shares during the period. Vista Capital Partners Inc. bought a new position in Kinder Morgan in the 4th quarter valued at about $216,000. Global Retirement Partners LLC increased its stake in Kinder Morgan by 4.0% during the 4th quarter. Global Retirement Partners LLC now owns 23,729 shares of the pipeline company’s stock valued at $650,000 after buying an additional 916 shares during the period. Vawter Financial Ltd. bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $211,000. Finally, Kestra Investment Management LLC lifted its stake in shares of Kinder Morgan by 25.1% in the 4th quarter. Kestra Investment Management LLC now owns 11,820 shares of the pipeline company’s stock worth $324,000 after acquiring an additional 2,373 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % 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 $3,504,136 over the last quarter. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $26.61 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.02 and a 1 year high of $31.48. The company has a market cap of $59.13 billion, a PE ratio of 22.74, a PEG ratio of 3.10 and a beta of 0.94. The stock’s 50-day moving average price is $27.78 and its two-hundred day moving average price is $25.26.

Kinder Morgan (NYSE:KMI) last released its 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%. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. Kinder Morgan’s payout ratio is currently 98.29%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMI. Citigroup raised their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. 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 report on Thursday, January 23rd. Nine research 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

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.