Avantax Advisory Services Inc. Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Avantax Advisory Services Inc. reduced its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 24.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,099 shares of the pipeline company's stock after selling 28,859 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Kinder Morgan were worth $2,496,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth $29,000. Finally, SRS Capital Advisors Inc. increased its holdings in Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company's stock worth $30,000 after acquiring an additional 703 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares of the company's stock, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,490,996 in the last ninety days. 12.64% of the stock is owned by insiders.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on KMI shares. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Scotiabank assumed coverage on Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective on the stock. Wells Fargo & Company raised their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Price Performance

NYSE:KMI traded up $0.23 during mid-day trading on Thursday, reaching $28.08. The stock had a trading volume of 8,135,151 shares, compared to its average volume of 14,840,395. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a 50 day moving average price of $27.58 and a two-hundred day moving average price of $26.04. The stock has a market capitalization of $62.38 billion, a P/E ratio of 24.00, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate 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, analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current 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 issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is presently 98.29%.

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.