Beam Wealth Advisors Inc. Decreases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Beam Wealth Advisors Inc. trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.2% in the 4th quarter, Holdings Channel reports. The firm owned 78,785 shares of the pipeline company’s stock after selling 3,457 shares during the period. Beam Wealth Advisors Inc.’s holdings in Kinder Morgan were worth $2,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $29,000. Finally, SRS Capital Advisors Inc. increased its holdings in Kinder Morgan by 178.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after buying an additional 703 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $478,980.00. Following the transaction, 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. Insiders sold 129,461 shares of company stock worth $3,490,996 over the last 90 days. 12.64% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $26.27 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a fifty day moving average price of $27.73 and a 200 day moving average price of $25.65. Kinder Morgan, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $31.48. The firm has a market cap of $58.36 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.38%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped 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. UBS Group upped their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup increased their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Monday. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.64.

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.