Wesbanco Bank Inc. Has $3.58 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Wesbanco Bank Inc. reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 18.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 130,625 shares of the pipeline company’s stock after selling 29,790 shares during the period. Wesbanco Bank Inc.’s holdings in Kinder Morgan were worth $3,579,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of KMI. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new position in shares of Kinder Morgan during the third quarter worth approximately $28,000. Planning Capital Management Corp increased its holdings in shares of Kinder Morgan by 143.6% during the third 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 period. Finally, HM Payson & Co. increased its holdings in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of KMI opened at $30.79 on Thursday. The company has a market cap of $68.40 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 4.18 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average price of $27.82 and a 200-day moving average price of $24.28. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its 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 7.87% and a net margin of 16.76%. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 3.74%. Kinder Morgan’s payout ratio is currently 100.88%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on KMI. UBS Group raised their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company upped their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Truist Financial increased their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Finally, Barclays increased their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.00.

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.