Inspire Investing LLC Sells 7,558 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Inspire Investing LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 201,235 shares of the pipeline company’s stock after selling 7,558 shares during the quarter. Kinder Morgan comprises 0.6% of Inspire Investing LLC’s portfolio, making the stock its 26th biggest holding. Inspire Investing LLC’s holdings in Kinder Morgan were worth $5,514,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 4.0% during the fourth quarter. Avior Wealth Management LLC now owns 120,306 shares of the pipeline company’s stock worth $3,296,000 after purchasing an additional 4,672 shares during the period. Adirondack Trust Co. lifted its holdings in Kinder Morgan by 102.5% in the fourth quarter. Adirondack Trust Co. now owns 2,554 shares of the pipeline company’s stock worth $70,000 after buying an additional 1,293 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Kinder Morgan by 1.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,555,779 shares of the pipeline company’s stock worth $42,628,000 after buying an additional 24,155 shares during the period. Magnus Financial Group LLC lifted its holdings in Kinder Morgan by 13.8% in the fourth quarter. Magnus Financial Group LLC now owns 16,504 shares of the pipeline company’s stock worth $452,000 after buying an additional 1,995 shares during the period. Finally, MBM Wealth Consultants LLC lifted its holdings in Kinder Morgan by 4.9% in the fourth quarter. MBM Wealth Consultants LLC now owns 12,833 shares of the pipeline company’s stock worth $361,000 after buying an additional 594 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 1.4 %

NYSE KMI opened at $30.79 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The stock’s 50 day moving average is $27.90 and its 200 day moving average is $24.32. The stock has a market cap of $68.40 billion, a PE ratio of 27.01, a P/E/G ratio of 4.18 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.74%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were 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 trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,121 shares of company stock valued at $1,497,000. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on KMI. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Barclays raised their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Truist Financial raised their price target 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. Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.00.

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.