Meridian Wealth Management LLC Has $5.52 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Meridian Wealth Management LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,355 shares of the pipeline company’s stock after selling 23,051 shares during the period. Meridian Wealth Management LLC’s holdings in Kinder Morgan were worth $5,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMI. Barclays PLC raised its stake in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. Fisher Funds Management LTD bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $62,534,000. National Bank of Canada FI raised its position in shares of Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after purchasing an additional 2,194,489 shares during the period. National Pension Service lifted its holdings in shares of Kinder Morgan by 55.6% in the 4th quarter. National Pension Service now owns 4,573,495 shares of the pipeline company’s stock worth $125,314,000 after purchasing an additional 1,634,631 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Kinder Morgan by 847.4% in the 4th quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock valued at $40,420,000 after purchasing an additional 1,319,474 shares during the period. Institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated 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 sale, 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 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 dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,504,136. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 3.4 %

Shares of Kinder Morgan stock opened at $27.09 on Monday. The stock has a fifty day moving average price of $27.77 and a 200-day moving average price of $25.55. 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 firm has a market cap of $60.19 billion, a PE ratio of 23.15, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $17.18 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 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%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed 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 yield of 4.25%. Kinder Morgan’s 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.