Left Brain Wealth Management LLC Acquires New Shares in Kinder Morgan, Inc. (NYSE:KMI)

Left Brain Wealth Management LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,440 shares of the pipeline company's stock, valued at approximately $259,000.

Several other large investors also recently added to or reduced their stakes in the stock. Wellington Shields Capital Management LLC grew its holdings in shares of Kinder Morgan by 3.7% during the 4th quarter. Wellington Shields Capital Management LLC now owns 13,946 shares of the pipeline company's stock worth $382,000 after purchasing an additional 500 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Kinder Morgan by 2.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 882,795 shares of the pipeline company's stock worth $24,189,000 after purchasing an additional 18,201 shares during the period. Balboa Wealth Partners purchased a new position in shares of Kinder Morgan during the 4th quarter worth $548,000. Bowen Hanes & Co. Inc. purchased a new position in shares of Kinder Morgan during the 4th quarter worth $3,520,000. Finally, Rakuten Securities Inc. grew its holdings in shares of Kinder Morgan by 52.5% during the 4th quarter. Rakuten Securities Inc. now owns 1,516 shares of the pipeline company's stock worth $42,000 after purchasing an additional 522 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup increased their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Barclays raised 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. UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Scotiabank initiated coverage on Kinder Morgan in a research note on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target on the stock. Seven investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.64.

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Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.28 during mid-day trading on Tuesday, hitting $27.51. The company had a trading volume of 12,056,410 shares, compared to its average volume of 13,218,492. Kinder Morgan, Inc. has a 12 month low of $17.52 and a 12 month high of $31.48. The stock has a market cap of $61.13 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 3.08 and a beta of 0.94. The firm's 50 day simple moving average is $27.59 and its two-hundred day simple moving average is $25.98. 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 issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.18%. Kinder Morgan's payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the transaction, the president now owns 825,652 shares in the company, valued at $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. Over the last 90 days, insiders sold 129,461 shares of company stock valued at $3,490,996. Insiders own 12.64% of the company's stock.

Kinder Morgan 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.