180 Wealth Advisors LLC Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

180 Wealth Advisors LLC increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.7% during the 1st quarter, Holdings Channel reports. The fund owned 18,421 shares of the pipeline company’s stock after purchasing an additional 652 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Kinder Morgan were worth $338,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of KMI. Wesbanco Bank Inc. grew its position in shares of Kinder Morgan by 0.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after buying an additional 599 shares during the last quarter. Cubic Asset Management LLC grew its position in shares of Kinder Morgan by 5.1% during the fourth quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after acquiring an additional 600 shares during the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Kinder Morgan by 2.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 30,018 shares of the pipeline company’s stock valued at $529,000 after acquiring an additional 610 shares during the period. Pacifica Partners Inc. boosted its stake in Kinder Morgan by 0.3% during the 4th quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock worth $3,217,000 after purchasing an additional 620 shares during the period. Finally, Rosenberg Matthew Hamilton grew its position in Kinder Morgan by 6.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 10,719 shares of the pipeline company’s stock worth $189,000 after purchasing an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of several analyst reports. UBS Group upped their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded up $0.06 during trading on Friday, hitting $19.82. 2,275,276 shares of the stock were exchanged, compared to its average volume of 13,423,802. The company has a market cap of $43.99 billion, a PE ratio of 17.96, a P/E/G ratio of 3.12 and a beta of 0.92. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The company has a fifty day moving average price of $19.27 and a two-hundred day moving average price of $18.19. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $20.19.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. On average, analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 5.80%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is presently 104.55%.

Insider Buying and Selling at Kinder Morgan

In other news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. 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.