McGlone Suttner Wealth Management Inc. Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

McGlone Suttner Wealth Management Inc. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 7.6% in the 4th quarter, Holdings Channel reports. The firm owned 19,929 shares of the pipeline company’s stock after acquiring an additional 1,407 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Kinder Morgan were worth $546,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KMI. Kayne Anderson Capital Advisors LP raised its position in Kinder Morgan by 0.7% in 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 buying an additional 69,307 shares during the last quarter. Barclays PLC raised its holdings in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the last quarter. Bank of Montreal Can boosted its holdings in Kinder Morgan by 2.2% in the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after purchasing an additional 164,152 shares during the last quarter. Duquesne Family Office LLC lifted its holdings in shares of Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after buying an additional 2,872,665 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of 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 valued at $101,422,000 after purchasing an additional 29,861 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $30.50 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm’s 50 day simple moving average is $27.90 and its 200-day simple moving average is $24.32. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48. The stock has a market capitalization of $67.77 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data 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 8.10%. Analysts expect that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders 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 3.77%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Analyst Ratings Changes

Several research firms recently weighed in on KMI. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. UBS Group increased their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Barclays lifted their price target 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. Finally, Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.92.

Insider Transactions 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 Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 in the last three months. 12.64% of the stock is currently owned by company insiders.

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.