Total Clarity Wealth Management Inc. Increases Position in Kinder Morgan, Inc. (NYSE:KMI)

Total Clarity Wealth Management Inc. boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,757 shares of the pipeline company’s stock after purchasing an additional 657 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Kinder Morgan were worth $2,076,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KMI. Barclays PLC lifted its stake in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the period. National Bank of Canada FI raised its holdings in shares of Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after acquiring an additional 2,194,489 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after acquiring an additional 2,053,612 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Kinder Morgan by 295.2% during the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after acquiring an additional 1,257,428 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in Kinder Morgan by 30.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock valued at $88,534,000 after buying an additional 932,469 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 2.2 %

Shares of NYSE KMI opened at $27.49 on Friday. The company has a market cap of $61.06 billion, a P/E ratio of 23.49, a P/E/G ratio of 3.10 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The business has a 50-day simple moving average of $27.99 and a two-hundred day simple moving average of $24.65. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 net margin of 17.31% and a return on equity of 8.09%. Research analysts anticipate that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.18%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was bought 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 owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock valued at $1,497,000 in the last ninety days. Company insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barclays boosted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Truist Financial increased their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

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.