Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 19,571 shares of the pipeline company’s stock after selling 384 shares during the period. Duncker Streett & Co. Inc.’s holdings in Kinder Morgan were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JFS Wealth Advisors LLC increased its position in shares of Kinder Morgan by 100.1% during the third quarter. JFS Wealth Advisors LLC now owns 2,277 shares of the pipeline company’s stock worth $50,000 after acquiring an additional 1,139 shares during the last quarter. HM Payson & Co. increased its position in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares during the last quarter. Stephens Inc. AR increased its position in shares of Kinder Morgan by 3.0% during the third quarter. Stephens Inc. AR now owns 144,268 shares of the pipeline company’s stock worth $3,187,000 after acquiring an additional 4,253 shares during the last quarter. Hills Bank & Trust Co purchased a new stake in shares of Kinder Morgan during the third quarter worth about $101,000. Finally, Gladstone Institutional Advisory LLC increased its position in shares of Kinder Morgan by 9.6% during the third quarter. Gladstone Institutional Advisory LLC now owns 15,281 shares of the pipeline company’s stock worth $338,000 after acquiring an additional 1,337 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMI. Citigroup lifted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays boosted their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Truist Financial boosted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Up 3.4 %

NYSE:KMI opened at $27.09 on Friday. The firm has a market capitalization of $60.19 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The stock has a 50 day moving average of $27.77 and a 200-day moving average of $25.52. Kinder Morgan, Inc. has a 52 week low of $17.18 and a 52 week high of $31.48. 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 (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. Analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on 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 $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,461 shares of company stock worth $3,504,136. Company insiders own 12.64% of the company’s stock.

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.