KLCM Advisors Inc. Sells 18,035 Shares of Kinder Morgan, Inc. (NYSE:KMI)

KLCM Advisors Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,812 shares of the pipeline company's stock after selling 18,035 shares during the quarter. KLCM Advisors Inc.'s holdings in Kinder Morgan were worth $3,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. Finally, Planning Capital Management Corp lifted its holdings 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 worth $30,000 after purchasing an additional 797 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KMI. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Mizuho upped their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. UBS Group raised 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. Finally, The Goldman Sachs Group boosted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and an average price target of $29.14.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.28 during trading on Thursday, hitting $26.61. 12,513,613 shares of the stock were exchanged, compared to its average volume of 15,705,546. The company has a market capitalization of $59.13 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.94. 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 1-year low of $17.02 and a 1-year high of $31.48. The company's fifty day simple moving average is $27.79 and its 200-day simple moving average is $25.25.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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 expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction 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 directly owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the 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 transaction, the vice president now 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 disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,504,136 over the last quarter. Corporate insiders own 12.64% of the company's stock.

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.