BXM Wealth LLC Acquires Shares of 19,413 Kinder Morgan, Inc. (NYSE:KMI)

BXM Wealth LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 19,413 shares of the pipeline company’s stock, valued at approximately $532,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Kinder Morgan by 5.2% during the third quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock worth $9,109,000 after purchasing an additional 20,468 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in shares of Kinder Morgan by 9.4% during the third quarter. SeaCrest Wealth Management LLC now owns 20,711 shares of the pipeline company’s stock worth $457,000 after purchasing an additional 1,778 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of Kinder Morgan during the third quarter worth approximately $75,000. Good Life Advisors LLC raised its stake in shares of Kinder Morgan by 5.6% during the third quarter. Good Life Advisors LLC now owns 17,279 shares of the pipeline company’s stock worth $382,000 after purchasing an additional 924 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 776 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.2 %

KMI opened at $26.61 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market cap of $59.11 billion, a P/E ratio of 22.74, a PEG ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $16.51 and a 52 week high of $31.48. The business’s fifty day simple moving average is $27.82 and its 200 day simple moving average is $25.06.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 54,000 shares of company stock valued at $1,493,100. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on KMI. Truist Financial increased their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada increased their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays increased their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.