Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,092 shares of the pipeline company’s stock after selling 4,515 shares during the period. Kinder Morgan accounts for approximately 1.3% of Redwood Wealth Management Group LLC’s investment portfolio, making the stock its 18th largest holding. Redwood Wealth Management Group LLC’s holdings in Kinder Morgan were worth $2,688,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KMI. Barclays PLC increased its position in Kinder Morgan by 39.9% in the third 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. National Bank of Canada FI increased its holdings 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 valued at $64,879,000 after purchasing an additional 2,194,489 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after purchasing an additional 2,053,612 shares during the period. Jennison Associates LLC increased its holdings in shares of Kinder Morgan by 847.4% during the fourth 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. Finally, Retirement Systems of Alabama increased its holdings in shares of Kinder Morgan by 295.2% during the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after purchasing an additional 1,257,428 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Down 0.2 %

NYSE:KMI opened at $27.53 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The firm has a market capitalization of $61.16 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.12 and a beta of 0.94. The stock has a fifty day simple moving average of $27.96 and a 200 day simple moving average of $24.80.

Kinder Morgan (NYSE:KMI) last released its quarterly 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 net margin of 17.31% and a return on equity of 8.09%. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.81% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Citigroup raised their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Finally, Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.14.

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.