Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 12.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,146,501 shares of the pipeline company's stock after selling 161,980 shares during the period. HighTower Advisors LLC owned 0.05% of Kinder Morgan worth $31,414,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at $27,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan during the 4th quarter valued at $29,000. Finally, Planning Capital Management Corp lifted its holdings in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock valued at $30,000 after acquiring an additional 797 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the sale, the president now owns 825,652 shares in the company, valued at approximately $21,970,599.72. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm'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 sale, 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 disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,490,996 over the last quarter. Insiders own 12.64% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on KMI shares. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a report on Monday, March 3rd. The Goldman Sachs Group lifted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Truist Financial upped their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.64.

Kinder Morgan Stock Up 1.2 %

Shares of KMI stock traded up $0.34 during trading hours on Wednesday, hitting $27.86. 11,381,704 shares of the company were exchanged, compared to its average volume of 13,192,666. 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 one year low of $17.61 and a one year high of $31.48. The business's 50-day simple moving average is $27.59 and its two-hundred day simple moving average is $26.02. The stock has a market capitalization of $61.90 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results 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 return on equity of 8.09% and a net margin of 17.31%. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.13%. 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.