McGlone Suttner Wealth Management Inc. Acquires 934 Shares of Kinder Morgan, Inc. (NYSE:KMI)

McGlone Suttner Wealth Management Inc. increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,042 shares of the pipeline company’s stock after buying an additional 934 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Kinder Morgan were worth $265,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC raised its stake in Kinder Morgan by 11.3% during the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after buying an additional 54,184 shares during the period. Rheos Capital Works Inc. purchased a new stake in shares of Kinder Morgan in the third quarter worth approximately $4,642,000. Cohen & Steers Inc. raised its stake in shares of Kinder Morgan by 1,217.2% in the second quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock worth $173,820,000 after purchasing an additional 9,327,755 shares during the last quarter. Virginia Wealth Management Group Inc. raised its stake in shares of Kinder Morgan by 1.6% in the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after purchasing an additional 3,085 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in shares of Kinder Morgan by 69.2% in the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock worth $65,577,000 after purchasing an additional 1,617,250 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KMI shares. Truist Financial reaffirmed a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Up 1.0 %

Kinder Morgan stock traded up $0.19 during trading hours on Thursday, hitting $18.34. 15,436,929 shares of the stock traded hands, compared to its average volume of 14,493,002. The firm’s 50-day moving average price is $17.34 and its two-hundred day moving average price is $17.21. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. The company has a market cap of $40.70 billion, a PE ratio of 17.14, a PEG ratio of 5.04 and a beta of 0.90. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.43.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.40 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. Kinder Morgan’s revenue for the quarter was down 11.8% on a year-over-year basis. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.2825 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a yield of 6.16%. Kinder Morgan’s payout ratio is currently 105.61%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 7,500 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the sale, the vice president now directly owns 3,219 shares in the company, valued at approximately $57,942. The sale was disclosed in a document filed with the SEC, which is available through this link. 12.64% of the stock is owned by company insiders.

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.