Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,290 shares of the pipeline company’s stock after selling 1,300 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Kinder Morgan were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KMI. Kayne Anderson Capital Advisors LP boosted its position in shares of Kinder Morgan by 0.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after buying an additional 69,307 shares during the period. Barclays PLC lifted its position in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. Bank of Montreal Can lifted its position in Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after acquiring an additional 164,152 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Kinder Morgan by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after acquiring an additional 29,861 shares during the period. Finally, Empower Advisory Group LLC grew its position in Kinder Morgan by 1.2% in the third quarter. Empower Advisory Group LLC now owns 3,808,896 shares of the pipeline company’s stock valued at $84,139,000 after acquiring an additional 45,928 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMI has been the subject of several analyst reports. Barclays upped their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Truist Financial upped their price objective 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. UBS Group lifted 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. Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, 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. 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 data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.47 on Tuesday. The company has a market cap of $58.80 billion, a P/E ratio of 22.62, a PEG ratio of 3.08 and a beta of 0.94. The business has a 50 day moving average of $27.77 and a two-hundred day moving average of $25.40. Kinder Morgan, Inc. has a 52 week low of $17.02 and a 52 week high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results 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%. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared 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 of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.35%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock worth $3,504,136. Insiders own 12.64% of the company’s stock.

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.