Physician Wealth Advisors Inc. Purchases New Position in Kinder Morgan, Inc. (NYSE:KMI)

Physician Wealth Advisors Inc. acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,593 shares of the pipeline company’s stock, valued at approximately $208,000.

Other large investors have also modified their holdings of the company. Townsquare Capital LLC raised its stake in shares of Kinder Morgan by 33.4% during the third quarter. Townsquare Capital LLC now owns 66,248 shares of the pipeline company’s stock valued at $1,463,000 after purchasing an additional 16,604 shares during the period. Freedom Investment Management Inc. acquired a new position in Kinder Morgan in the 3rd quarter worth $207,000. Captrust Financial Advisors boosted its position in Kinder Morgan by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 322,093 shares of the pipeline company’s stock valued at $7,115,000 after buying an additional 3,779 shares during the last quarter. PDT Partners LLC acquired a new stake in shares of Kinder Morgan during the third quarter valued at about $2,861,000. Finally, Edgestream Partners L.P. increased its position in shares of Kinder Morgan by 643.2% during the third quarter. Edgestream Partners L.P. now owns 79,732 shares of the pipeline company’s stock worth $1,761,000 after acquiring an additional 69,004 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several research analyst reports. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada boosted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group boosted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Insiders Place Their Bets

In other Kinder Morgan news, 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 owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the 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 sale, the president now owns 825,652 shares of the company’s stock, valued at $21,970,599.72. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Stock Up 0.6 %

Kinder Morgan stock opened at $28.39 on Friday. The company’s 50-day moving average price is $27.48 and its two-hundred day moving average price is $26.38. The stock has a market cap of $63.07 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week 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 earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is currently 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.