RKL Wealth Management LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

RKL Wealth Management LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,243 shares of the pipeline company's stock, valued at approximately $719,000.

Several other institutional investors also recently modified their holdings of the business. Aviance Capital Partners LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $276,000. Oak Hill Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $247,000. West Family Investments Inc. bought a new position in Kinder Morgan during the 4th quarter worth approximately $234,000. Ashton Thomas Private Wealth LLC grew its holdings in Kinder Morgan by 57.8% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 78,926 shares of the pipeline company's stock valued at $2,163,000 after purchasing an additional 28,925 shares during the period. Finally, Chatham Capital Group Inc. bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $456,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.13 during trading hours on Wednesday, hitting $26.54. The company had a trading volume of 11,234,763 shares, compared to its average volume of 13,367,022. The firm has a 50-day moving average of $27.67 and a 200 day moving average of $25.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. The firm has a market cap of $58.96 billion, a PE ratio of 22.68, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $17.45 and a one year high of $31.48.

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Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.33%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is currently 98.29%.

Analysts Set New Price Targets

KMI has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of 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 boosted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Finally, Citigroup raised their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $29.64.

Insider Activity

In other Kinder Morgan news, 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 75,461 shares of the 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 completion of the transaction, the vice president now directly owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 129,461 shares of company stock worth $3,490,996. 12.64% of the stock is currently owned by company insiders.

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.