First Horizon Advisors Inc. Sells 1,740 Shares of Kinder Morgan, Inc. (NYSE:KMI)

First Horizon Advisors Inc. trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,558 shares of the pipeline company’s stock after selling 1,740 shares during the period. First Horizon Advisors Inc.’s holdings in Kinder Morgan were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan in the fourth quarter worth about $25,000. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter valued at approximately $29,000. Finally, Planning Capital Management Corp grew its holdings in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial boosted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their target price 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. UBS Group boosted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, 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 report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock worth $3,504,136 over the last three months. 12.64% of the stock is owned by insiders.

Kinder Morgan Trading Down 1.5 %

Kinder Morgan stock opened at $26.09 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a fifty-two week low of $17.02 and a fifty-two week high of $31.48. The stock has a market cap of $57.96 billion, a P/E ratio of 22.29, a PEG ratio of 3.08 and a beta of 0.94. The firm’s fifty day moving average price is $27.76 and its 200-day moving average price is $25.44.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

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.