Retirement Planning Co of New England Inc. Has $2.15 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Retirement Planning Co of New England Inc. cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 78,275 shares of the pipeline company’s stock after selling 673 shares during the period. Kinder Morgan makes up 1.0% of Retirement Planning Co of New England Inc.’s portfolio, making the stock its 21st biggest holding. Retirement Planning Co of New England Inc.’s holdings in Kinder Morgan were worth $2,145,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CX Institutional grew its stake in shares of Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 354 shares during the last quarter. Sunflower Bank N.A. grew its position in shares of Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after buying an additional 367 shares during the last quarter. Ignite Planners LLC increased its stake in shares of Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after buying an additional 372 shares during the period. Eagle Bay Advisors LLC raised its position in shares of Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock worth $142,000 after acquiring an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC lifted its stake in shares of Kinder Morgan by 2.6% in the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock worth $433,000 after acquiring an additional 400 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 2.5 %

Shares of Kinder Morgan stock opened at $27.77 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a 52 week low of $17.52 and a 52 week high of $31.48. The stock has a 50 day moving average price of $27.59 and a two-hundred day moving average price of $25.98. The stock has a market capitalization of $61.69 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results 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 analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.14%. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan 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 transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock worth $3,490,996. Insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMI. The Goldman Sachs Group increased their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Truist Financial boosted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Finally, Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.64.

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.