1620 Investment Advisors Inc. Purchases 507 Shares of Kinder Morgan, Inc. (NYSE:KMI)

1620 Investment Advisors Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,218 shares of the pipeline company’s stock after purchasing an additional 507 shares during the period. 1620 Investment Advisors Inc.’s holdings in Kinder Morgan were worth $773,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan during the 4th quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in Kinder Morgan during the 4th quarter valued at approximately $27,000. Heck Capital Advisors LLC bought a new position in Kinder Morgan during the 4th quarter valued at approximately $29,000. Finally, SRS Capital Advisors Inc. raised its position in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 703 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KMI. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Truist Financial boosted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Seven research 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.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction 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 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 document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,490,996 in the last quarter. 12.64% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $28.08 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $31.48. The firm has a fifty day moving average price of $27.58 and a two-hundred day moving average price of $26.05. The company has a market cap of $62.38 billion, a PE ratio of 24.00, 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 98.29%.

Kinder Morgan 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.