Jeppson Wealth Management LLC Has $1.78 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Jeppson Wealth Management LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.4% in the first quarter, HoldingsChannel.com reports. The fund owned 97,206 shares of the pipeline company’s stock after purchasing an additional 3,152 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Kinder Morgan were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KMI. Tucker Asset Management LLC bought a new stake in Kinder Morgan in the third quarter valued at approximately $25,000. True Wealth Design LLC lifted its holdings in Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of Kinder Morgan in the fourth quarter valued at $26,000. Activest Wealth Management bought a new position in shares of Kinder Morgan in the fourth quarter valued at about $30,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $33,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Truist Financial reaffirmed a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Finally, Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Insider Buying and Selling

In other Kinder Morgan news, 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 value of $987,500.00. Following the transaction, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction 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 sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The disclosure for this sale can be found here. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

Shares of NYSE KMI traded up $0.11 during mid-day trading on Friday, reaching $19.87. The company had a trading volume of 42,524,227 shares, compared to its average volume of 11,865,676. The firm has a market cap of $44.10 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 3.14 and a beta of 0.92. The business’s 50-day simple moving average is $19.32 and its 200 day simple moving average is $18.23. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $20.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the firm earned $0.30 EPS. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal 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 paid a dividend of $0.2875 per share. The ex-dividend date was Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 5.79%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

About Kinder Morgan

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.