Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 306,857 shares of the pipeline company’s stock after purchasing an additional 4,516 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Kinder Morgan were worth $8,408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of Kinder Morgan by 2.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 184,984 shares of the pipeline company’s stock valued at $5,069,000 after acquiring an additional 4,862 shares during the last quarter. Dynamic Advisor Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter worth $258,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Kinder Morgan during the fourth quarter valued at $72,000. CX Institutional raised its holdings in shares of Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after purchasing an additional 354 shares during the period. Finally, Sound Income Strategies LLC lifted its position in shares of Kinder Morgan by 8.9% in the 4th quarter. Sound Income Strategies LLC now owns 5,420 shares of the pipeline company’s stock worth $149,000 after buying an additional 444 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Price Performance

NYSE KMI opened at $30.23 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48. The stock’s 50-day moving average is $28.03 and its two-hundred day moving average is $24.44. The firm has a market cap of $67.16 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share 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. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 3.80%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. Truist Financial boosted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday. Royal Bank of Canada raised their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price target 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, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.92.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at $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 have sold 55,121 shares of company stock worth $1,497,000 over the last 90 days. Corporate insiders own 12.64% of the company’s stock.

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.