7,377 Shares in Kinder Morgan, Inc. (NYSE:KMI) Bought by West Michigan Advisors LLC

West Michigan Advisors LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,377 shares of the pipeline company’s stock, valued at approximately $202,000.

Several other institutional investors have also modified their holdings of the stock. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $27,000. Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $29,000. Finally, Planning Capital Management Corp raised its stake in Kinder Morgan by 143.6% in the 3rd 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 last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,461 shares of company stock worth $3,504,136. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report 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 research note on Thursday, January 23rd. Barclays raised their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Truist Financial upped their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, UBS Group increased their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Price Performance

NYSE:KMI opened at $27.09 on Friday. Kinder Morgan, Inc. has a 52 week low of $17.18 and a 52 week high of $31.48. The stock’s fifty day moving average is $27.77 and its two-hundred day moving average is $25.52. The company has a market capitalization of $60.19 billion, a P/E ratio of 23.15, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

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 the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 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.