Pinnacle Wealth Planning Services Inc. Purchases 751 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Pinnacle Wealth Planning Services Inc. grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,206 shares of the pipeline company’s stock after purchasing an additional 751 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Kinder Morgan were worth $444,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC grew its position in shares of Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after buying an additional 1,389 shares during the period. Altshuler Shaham Ltd purchased a new stake in Kinder Morgan during the 4th quarter valued at about $26,000. Activest Wealth Management purchased a new stake in Kinder Morgan during the 4th quarter valued at about $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at about $31,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at about $31,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

KMI traded up $0.44 during trading on Friday, reaching $21.49. 26,891,116 shares of the company traded hands, compared to its average volume of 16,291,446. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.38 and a current ratio of 0.37. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.79. The firm has a fifty day simple moving average of $19.77 and a 200 day simple moving average of $18.49. The company has a market cap of $47.69 billion, a P/E ratio of 19.54, a PEG ratio of 3.31 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period last year, the business earned $0.24 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KMI shares. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Scotiabank raised their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, UBS Group increased their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.86.

Insider Activity at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value 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 $5,116,612.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s 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 directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by insiders.

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.