Catalyst Capital Advisors LLC Sells 30,575 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Catalyst Capital Advisors LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 749,135 shares of the pipeline company's stock after selling 30,575 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Kinder Morgan were worth $20,526,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the third quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $29,000. Finally, Planning Capital Management Corp boosted 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 worth $30,000 after buying an additional 797 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent analyst reports. Mizuho upped their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Morgan Stanley upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Truist Financial lifted their price target 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. The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, UBS Group lifted their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Nine investment 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.14.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the sale, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,461 shares of company stock worth $3,504,136. Corporate insiders own 12.64% of the company's stock.

Kinder Morgan Stock Down 1.0 %

NYSE:KMI traded down $0.28 during trading hours on Thursday, reaching $26.61. 12,513,613 shares of the stock were exchanged, compared to its average volume of 15,705,546. The stock has a market cap of $59.13 billion, a PE ratio of 22.74, a PEG ratio of 3.10 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $17.02 and a twelve month high of $31.48. The firm has a 50 day moving average of $27.79 and a 200 day moving average of $25.25. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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 return on equity of 8.09% and a net margin of 17.31%. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio is currently 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.