Baxter Bros Inc. Decreases Position in Kinder Morgan, Inc. (NYSE:KMI)

Baxter Bros Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 87,621 shares of the pipeline company’s stock after selling 1,540 shares during the quarter. Baxter Bros Inc.’s holdings in Kinder Morgan were worth $2,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Nwam LLC boosted its holdings in Kinder Morgan by 28.7% in the 3rd quarter. Nwam LLC now owns 16,308 shares of the pipeline company’s stock worth $360,000 after buying an additional 3,634 shares during the period. Nicolet Advisory Services LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at $219,000. Great Valley Advisor Group Inc. boosted its stake in Kinder Morgan by 2.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 34,670 shares of the pipeline company’s stock worth $766,000 after purchasing an additional 895 shares during the period. Cerity Partners LLC grew its holdings in Kinder Morgan by 8.4% during the 3rd quarter. Cerity Partners LLC now owns 778,474 shares of the pipeline company’s stock valued at $17,197,000 after buying an additional 60,516 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of Kinder Morgan by 1.0% in the third quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company’s stock worth $1,221,000 after buying an additional 521 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,490,996 in the last 90 days. Company insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KMI shares. 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. Mizuho boosted their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial raised their price target on 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 raised their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Price Performance

KMI opened at $28.76 on Tuesday. The firm has a market cap of $63.91 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.61 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The stock’s 50 day simple moving average is $27.57 and its 200 day simple moving average is $26.21.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 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%. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.00%. Kinder Morgan’s payout ratio 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.