Master S Wealth Management Inc. Acquires New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Master S Wealth Management Inc. bought a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, Holdings Channel reports. The institutional investor bought 11,160 shares of the pipeline company’s stock, valued at approximately $306,000. Kinder Morgan accounts for approximately 0.2% of Master S Wealth Management Inc.’s investment portfolio, making the stock its 28th biggest position.

Several other large investors have also recently bought and sold shares of the company. CX Institutional lifted its stake in shares of Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 354 shares during the period. Sunflower Bank N.A. increased its holdings in Kinder Morgan by 3.6% during the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after buying an additional 367 shares during the last quarter. Ignite Planners LLC raised its position in Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after acquiring an additional 372 shares during the period. Eagle Bay Advisors LLC grew its position in shares of Kinder Morgan by 8.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 385 shares during the period. Finally, Bristlecone Advisors LLC raised its holdings in Kinder Morgan by 2.6% in the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company’s stock worth $433,000 after purchasing an additional 400 shares during the period. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock valued at $3,506,116. Insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group lifted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Kinder Morgan Price Performance

NYSE:KMI opened at $27.21 on Wednesday. The business’s 50-day moving average is $26.94 and its 200 day moving average is $26.84. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The company has a market capitalization of $60.47 billion, a P/E ratio of 23.26, a P/E/G ratio of 3.08 and a beta of 0.72. 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 (NYSE:KMI) last issued its quarterly earnings data 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%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 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.