USAdvisors Wealth Management LLC Purchases New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

USAdvisors Wealth Management LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,251 shares of the pipeline company’s stock, valued at approximately $226,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ibex Wealth Advisors bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $10,440,000. Allen Capital Group LLC increased its position in Kinder Morgan by 8.8% during the fourth quarter. Allen Capital Group LLC now owns 207,235 shares of the pipeline company’s stock worth $5,678,000 after buying an additional 16,818 shares during the last quarter. Iams Wealth Management LLC bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $211,000. SteelPeak Wealth LLC lifted its position in shares of Kinder Morgan by 3.0% in the fourth quarter. SteelPeak Wealth LLC now owns 55,225 shares of the pipeline company’s stock valued at $1,513,000 after buying an additional 1,614 shares during the last quarter. Finally, Stonegate Investment Group LLC increased its holdings in shares of Kinder Morgan by 3.9% during the 4th quarter. Stonegate Investment Group LLC now owns 25,846 shares of the pipeline company’s stock worth $708,000 after acquiring an additional 980 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Activity

In related news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 55,121 shares of company stock worth $1,497,000. Corporate insiders own 12.81% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.30 on Thursday. The firm has a 50 day moving average of $28.01 and a 200-day moving average of $24.60. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $60.64 billion, a PE ratio of 23.33, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.27 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.21%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KMI shares. Barclays raised their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

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.