Jeppson Wealth Management LLC Cuts Position in Kinder Morgan, Inc. (NYSE:KMI)

Jeppson Wealth Management LLC lowered its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,852 shares of the pipeline company’s stock after selling 481 shares during the quarter. Kinder Morgan makes up 0.9% of Jeppson Wealth Management LLC’s holdings, making the stock its 21st largest position. Jeppson Wealth Management LLC’s holdings in Kinder Morgan were worth $2,599,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan in the 4th quarter worth $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan in the 3rd quarter worth about $28,000. HWG Holdings LP purchased a new stake in Kinder Morgan during the 2nd quarter worth approximately $30,000. Finally, Planning Capital Management Corp raised 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 valued at $30,000 after acquiring an additional 797 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 over the last ninety days. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.39 on Tuesday. The stock’s 50-day moving average is $28.03 and its two-hundred day moving average is $24.50. The firm has a market cap of $60.86 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its 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 8.10%. Analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company 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. This represents a $1.15 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.23.

Kinder Morgan Company 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.