Aviance Capital Partners LLC Purchases Shares of 10,060 Kinder Morgan, Inc. (NYSE:KMI)

Aviance Capital Partners LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,060 shares of the pipeline company’s stock, valued at approximately $276,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Oak Hill Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $247,000. West Family Investments Inc. bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $234,000. Ashton Thomas Private Wealth LLC increased its holdings in shares of Kinder Morgan by 57.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 78,926 shares of the pipeline company’s stock valued at $2,163,000 after acquiring an additional 28,925 shares in the last quarter. Chatham Capital Group Inc. bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $456,000. Finally, Candriam S.C.A. increased its holdings in shares of Kinder Morgan by 6.8% during the fourth quarter. Candriam S.C.A. now owns 267,676 shares of the pipeline company’s stock valued at $7,334,000 after acquiring an additional 17,058 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction on Tuesday, February 18th. The stock was 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 of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the transaction, the president now owns 825,652 shares in the company, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock valued at $3,490,996. Corporate insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KMI shares. Morgan Stanley upped their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Truist Financial upped their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Citigroup upped their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Seven investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $29.64.

Kinder Morgan Stock Down 0.6 %

Shares of NYSE:KMI opened at $26.14 on Friday. The stock has a fifty day simple moving average of $27.71 and a two-hundred day simple moving average of $25.68. The stock has a market capitalization of $58.09 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $17.45 and a 12-month 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 announced 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 net margin of 17.31% and a return on equity of 8.09%. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

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.