Envestnet Portfolio Solutions Inc. Sells 89,521 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Envestnet Portfolio Solutions Inc. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 593,711 shares of the pipeline company’s stock after selling 89,521 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Kinder Morgan were worth $16,268,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KMI. one8zero8 LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth $2,230,000. Natixis Advisors LLC lifted its holdings in Kinder Morgan by 16.8% during the fourth quarter. Natixis Advisors LLC now owns 738,280 shares of the pipeline company’s stock worth $20,229,000 after acquiring an additional 106,379 shares in the last quarter. Frank Rimerman Advisors LLC grew its stake in Kinder Morgan by 2.0% in the fourth quarter. Frank Rimerman Advisors LLC now owns 48,565 shares of the pipeline company’s stock valued at $1,331,000 after acquiring an additional 953 shares during the period. Left Brain Wealth Management LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth about $259,000. Finally, Wellington Shields Capital Management LLC raised its position in shares of Kinder Morgan by 3.7% during the fourth quarter. Wellington Shields Capital Management LLC now owns 13,946 shares of the pipeline company’s stock worth $382,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the company’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 transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,490,996 over the last three months. Insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 2.1 %

Shares of Kinder Morgan stock opened at $27.11 on Monday. Kinder Morgan, Inc. has a 12-month low of $17.52 and a 12-month 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. The business’s 50 day moving average is $27.60 and its 200-day moving average is $25.94. The stock has a market cap of $60.23 billion, a P/E ratio of 23.17, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced 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%. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.24%. Kinder Morgan’s dividend payout ratio is 98.29%.

Analyst Upgrades and Downgrades

KMI has been the subject of several research analyst reports. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research report on Monday, March 3rd. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.64.

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.