Rollins Financial Advisors LLC Boosts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Rollins Financial Advisors LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 23.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,298 shares of the pipeline company’s stock after acquiring an additional 34,893 shares during the quarter. Kinder Morgan comprises approximately 0.8% of Rollins Financial Advisors LLC’s holdings, making the stock its 23rd biggest position. Rollins Financial Advisors LLC’s holdings in Kinder Morgan were worth $5,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional boosted 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 acquiring an additional 354 shares during the period. Sunflower Bank N.A. boosted its stake in Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after purchasing an additional 367 shares during the period. Ignite Planners LLC grew its holdings in Kinder Morgan by 3.9% during the 4th 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 in the last quarter. 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 valued at $142,000 after buying an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC lifted its holdings 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 buying an additional 400 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm’s 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 transaction, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,461 shares of company stock valued at $3,506,116. 12.64% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Truist Financial lifted their price target 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. Royal Bank of Canada boosted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Wells Fargo & Company raised their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group upped their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. 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 data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan Stock Performance

NYSE KMI opened at $25.31 on Tuesday. 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, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48. The stock has a 50-day moving average of $27.15 and a 200 day moving average of $26.67. The stock has a market capitalization of $56.25 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI) last announced its earnings results 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%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.54%. Kinder Morgan’s dividend payout ratio (DPR) is presently 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.