Golden State Wealth Management LLC Takes Position in Kinder Morgan, Inc. (NYSE:KMI)

Golden State Wealth Management LLC purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,348 shares of the pipeline company’s stock, valued at approximately $92,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in Kinder Morgan during the 4th quarter worth $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $29,000. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at $28,000. Finally, Planning Capital Management Corp grew its holdings in shares of Kinder Morgan by 143.6% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 54,000 shares of company stock valued at $1,493,100. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.07 on Monday. The stock’s 50-day moving average is $27.89 and its 200-day moving average is $24.94. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The stock has a market cap of $60.13 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced 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%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.23 earnings per share for the current 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 given 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 dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

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.