19,098 Shares in Kinder Morgan, Inc. $KMI Acquired by Shrier Wealth Management LLC

Shrier Wealth Management LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, Holdings Channel reports. The fund purchased 19,098 shares of the pipeline company’s stock, valued at approximately $525,000.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Kinder Morgan during the fourth quarter valued at $308,000. Schnieders Capital Management LLC. grew its position in Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock worth $2,042,000 after purchasing an additional 7,081 shares during the period. American Century Companies Inc. grew its position in Kinder Morgan by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 378,641 shares of the pipeline company’s stock worth $11,132,000 after purchasing an additional 3,155 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of Kinder Morgan during the 2nd quarter valued at about $94,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Kinder Morgan by 32.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 324,421 shares of the pipeline company’s stock valued at $9,538,000 after buying an additional 78,796 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In related news, VP Anthony B. Ashley sold 8,000 shares of Kinder Morgan stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the sale, the vice president owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William A. Smith purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average cost of $29.75 per share, with a total value of $89,250.00. Following the acquisition, the director owned 31,087 shares in the company, valued at $924,838.25. This represents a 10.68% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 48,048 shares of company stock worth $1,469,863 in the last ninety days. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $33.45 on Wednesday. The firm has a market cap of $74.41 billion, a PE ratio of 24.41, a P/E/G ratio of 3.08 and a beta of 0.68. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $34.73. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $32.19 and a 200 day moving average price of $28.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.1% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays restated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Jefferies Financial Group upped their price objective on Kinder Morgan from $31.00 to $36.00 and gave the stock a “hold” rating in a research report on Tuesday, March 24th. Royal Bank Of Canada lifted their target price on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Morgan Stanley boosted their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Hold” and an average target price of $34.33.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.