Kinder Morgan, Inc. (NYSE:KMI) Position Trimmed by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 31.8% during the fourth quarter, HoldingsChannel reports. The fund owned 34,876 shares of the pipeline company’s stock after selling 16,279 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Kinder Morgan were worth $615,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Tucker Asset Management LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter worth about $25,000. Activest Wealth Management acquired a new position in Kinder Morgan during the 4th quarter worth $30,000. Rakuten Securities Inc. bought a new stake in Kinder Morgan during the 4th quarter valued at approximately $33,000. OFI Invest Asset Management acquired a new position in shares of Kinder Morgan during the third quarter worth approximately $33,000. Finally, Gradient Investments LLC boosted its position in shares of Kinder Morgan by 57.1% in the fourth quarter. Gradient Investments LLC now owns 2,532 shares of the pipeline company’s stock valued at $45,000 after acquiring an additional 920 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI traded down $0.07 on Monday, hitting $18.50. 6,451,039 shares of the company were exchanged, compared to its average volume of 14,159,842. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The company has a market cap of $41.06 billion, a P/E ratio of 16.88, a P/E/G ratio of 5.23 and a beta of 0.89. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92. The firm has a 50 day moving average of $18.10 and a two-hundred day moving average of $17.53.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 6.22%. The ex-dividend date is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $20.20.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 12.81% of the stock is owned by corporate 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.