8,263 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,263 shares of the pipeline company’s stock, valued at approximately $226,000.

A number of other institutional investors also recently bought and sold shares of KMI. Roman Butler Fullerton & Co. lifted its stake in Kinder Morgan by 3.0% during the 4th quarter. Roman Butler Fullerton & Co. now owns 33,673 shares of the pipeline company’s stock valued at $925,000 after acquiring an additional 972 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Kinder Morgan by 36.1% during the 4th quarter. Vontobel Holding Ltd. now owns 36,506 shares of the pipeline company’s stock valued at $1,000,000 after purchasing an additional 9,675 shares in the last quarter. Investment Partners Asset Management Inc. increased its holdings in shares of Kinder Morgan by 3.4% during the 4th quarter. Investment Partners Asset Management Inc. now owns 34,530 shares of the pipeline company’s stock valued at $946,000 after purchasing an additional 1,124 shares in the last quarter. G&S Capital LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $243,000. Finally, Avestar Capital LLC increased its holdings in shares of Kinder Morgan by 8.6% during the 4th quarter. Avestar Capital LLC now owns 12,722 shares of the pipeline company’s stock valued at $349,000 after purchasing an additional 1,006 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KMI shares. Truist Financial boosted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Barclays boosted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Nine investment 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 54,000 shares of company stock worth $1,493,100. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.2 %

Shares of KMI opened at $26.61 on Friday. The stock has a market capitalization of $59.11 billion, a PE ratio of 22.74, a P/E/G ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $16.51 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The company’s 50-day simple moving average is $27.80 and its 200-day simple moving average is $25.10.

Kinder Morgan (NYSE:KMI) last issued 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 return on equity of 8.09% and a net margin of 17.31%. Analysts forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. Kinder Morgan’s payout ratio is 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.