Principle Wealth Partners LLC Has $342,000 Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Principle Wealth Partners LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 11.4% in the 4th quarter, HoldingsChannel reports. The firm owned 12,498 shares of the pipeline company’s stock after selling 1,615 shares during the period. Principle Wealth Partners LLC’s holdings in Kinder Morgan were worth $342,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Kayne Anderson Capital Advisors LP lifted its stake 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 valued at $233,050,000 after purchasing an additional 69,307 shares during the last quarter. Barclays PLC lifted its stake in Kinder Morgan by 39.9% in the 3rd 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 lifted its position in Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after acquiring an additional 164,152 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after acquiring an additional 29,861 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Kinder Morgan by 30.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock worth $88,534,000 after acquiring an additional 932,469 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. UBS Group raised their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Citigroup raised their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the sale, the president now owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $26.78 on Wednesday. The company’s 50 day simple moving average is $27.89 and its 200 day simple moving average is $25.01. The stock has a market capitalization of $59.48 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 8.09%. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.30%. Kinder Morgan’s payout ratio is presently 98.29%.

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.