Ridgewood Investments LLC Sells 614 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Ridgewood Investments LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,118 shares of the pipeline company’s stock after selling 614 shares during the period. Ridgewood Investments LLC’s holdings in Kinder Morgan were worth $524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter valued at about $28,000. HWG Holdings LP purchased a new stake in Kinder Morgan in the 2nd quarter valued at about $30,000. Planning Capital Management Corp increased its stake in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Kinder Morgan in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of several analyst reports. Barclays increased their price objective on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research report on Friday, October 18th. The Goldman Sachs Group increased their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Truist Financial increased their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Kinder Morgan Trading Down 0.4 %

NYSE:KMI traded down $0.10 during trading hours on Friday, reaching $28.19. The company’s stock had a trading volume of 3,861,281 shares, compared to its average volume of 10,415,328. The firm has a market capitalization of $62.63 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 3.87 and a beta of 0.94. The firm has a 50-day simple moving average of $27.23 and a 200-day simple moving average of $23.68. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $28.82. 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 (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 745,263 shares of company stock worth $18,578,014. 12.81% of the stock is currently owned by company insiders.

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.