Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Synergy Financial Group LTD

Synergy Financial Group LTD boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,515 shares of the pipeline company’s stock after acquiring an additional 694 shares during the period. Synergy Financial Group LTD’s holdings in Kinder Morgan were worth $370,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $29,000. Finally, Planning Capital Management Corp grew its holdings in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup raised their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. UBS Group raised 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. Barclays upped their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the business’s 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 of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,504,136 over the last quarter. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.2 %

KMI stock opened at $26.47 on Tuesday. The company has a market capitalization of $58.80 billion, a P/E ratio of 22.62, a PEG ratio of 3.08 and a beta of 0.94. The firm has a 50 day simple moving average of $27.77 and a 200-day simple moving average of $25.40. 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 $17.02 and a twelve month high of $31.48.

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 8.09% and a net margin of 17.31%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 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.