Washington Trust Advisors Inc. Sells 41,271 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Washington Trust Advisors Inc. lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 222,289 shares of the pipeline company’s stock after selling 41,271 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Kinder Morgan were worth $6,091,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in Kinder Morgan during the fourth quarter valued at $157,804,000. Vision Financial Markets LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $128,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Kinder Morgan by 8.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 36,786 shares of the pipeline company’s stock worth $1,008,000 after acquiring an additional 2,873 shares during the last quarter. Verdence Capital Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $341,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth about $4,176,000. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KMI shares. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a report on Monday. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, Morgan Stanley raised their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Trading Down 0.9 %

NYSE KMI opened at $26.76 on Thursday. The company’s 50-day simple moving average is $27.75 and its two-hundred day simple moving average is $25.65. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a one year low of $17.45 and a one year high of $31.48. The company has a market capitalization of $59.45 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 3.08 and a beta 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 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 analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan 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 sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 111,461 shares of company stock valued at $3,012,016 in the last 90 days. 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.