Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 26.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,706 shares of the pipeline company's stock after selling 13,866 shares during the period. IHT Wealth Management LLC's holdings in Kinder Morgan were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of KMI. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC purchased a new position in Kinder Morgan in the 4th quarter worth $25,000. Hurley Capital LLC acquired a new stake in Kinder Morgan during the 4th quarter worth about $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In other 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 transaction, the vice president now 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 legal filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. The trade was a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,506,116 over the last 90 days. Corporate insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent research reports. Citigroup upped their target price on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. 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 report on Monday, March 3rd. Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Truist Financial boosted their target price 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, Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Kinder Morgan Stock Performance

NYSE KMI opened at $26.65 on Thursday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a twelve month low of $18.13 and a twelve month high of $31.48. The stock has a 50-day moving average of $26.94 and a 200 day moving average of $26.97. The stock has a market capitalization of $59.22 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.2925 dividend. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.39%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

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.

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