Valley Wealth Managers Inc. Has $4.55 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Valley Wealth Managers Inc. lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,862 shares of the pipeline company’s stock after selling 28,473 shares during the period. Valley Wealth Managers Inc.’s holdings in Kinder Morgan were worth $4,545,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kayne Anderson Capital Advisors LP lifted its position in Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after acquiring an additional 69,307 shares during the last quarter. Barclays PLC lifted its position 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 acquiring an additional 2,334,273 shares during the last quarter. Bank of Montreal Can lifted its position in Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after acquiring an additional 164,152 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after acquiring an additional 29,861 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Kinder Morgan by 30.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock worth $88,534,000 after acquiring an additional 932,469 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now directly owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 54,000 shares of company stock worth $1,493,100. Corporate insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KMI shares. Truist Financial boosted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. UBS Group boosted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $26.61 on Tuesday. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $59.11 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.51 and a 1-year high of $31.48. The firm’s 50-day moving average price is $27.80 and its two-hundred day moving average price is $25.15.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. Kinder Morgan’s payout ratio is 98.29%.

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.