Sigma Planning Corp Has $680,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Sigma Planning Corp trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 54.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,573 shares of the pipeline company’s stock after selling 46,829 shares during the quarter. Sigma Planning Corp’s holdings in Kinder Morgan were worth $680,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. CWM LLC raised its stake in shares of Kinder Morgan by 8.2% in the fourth quarter. CWM LLC now owns 424,433 shares of the pipeline company’s stock valued at $7,487,000 after purchasing an additional 32,310 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Kinder Morgan by 0.6% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 269,643 shares of the pipeline company’s stock valued at $4,757,000 after purchasing an additional 1,643 shares in the last quarter. Lindbrook Capital LLC grew its position in Kinder Morgan by 2.5% in the fourth quarter. Lindbrook Capital LLC now owns 48,760 shares of the pipeline company’s stock valued at $860,000 after acquiring an additional 1,180 shares during the period. Grandfield & Dodd LLC grew its position in Kinder Morgan by 33.6% in the fourth quarter. Grandfield & Dodd LLC now owns 15,901 shares of the pipeline company’s stock valued at $280,000 after acquiring an additional 4,001 shares during the period. Finally, abrdn plc grew its position in Kinder Morgan by 71.0% in the fourth quarter. abrdn plc now owns 2,276,785 shares of the pipeline company’s stock valued at $40,162,000 after acquiring an additional 945,381 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.64% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Shares of KMI stock opened at $18.81 on Thursday. The stock’s fifty day moving average is $17.91 and its 200-day moving average is $17.45. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50. The stock has a market capitalization of $41.75 billion, a PE ratio of 17.10, a PEG ratio of 5.30 and a beta of 0.90. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.92.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. Equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.2875 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 6.11%. Kinder Morgan’s dividend payout ratio (DPR) is currently 102.73%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KMI shares. Truist Financial reiterated a “hold” rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Company 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.