14,833 Shares in Kinder Morgan, Inc. (NYSE:KMI) Acquired by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,833 shares of the pipeline company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gilbert & Cook Inc. boosted its position in shares of Kinder Morgan by 2.2% during the fourth quarter. Gilbert & Cook Inc. now owns 31,525 shares of the pipeline company’s stock worth $556,000 after buying an additional 682 shares during the period. SCP Investment LP acquired a new position in Kinder Morgan during the 4th quarter worth approximately $413,000. PNC Financial Services Group Inc. grew its stake in shares of Kinder Morgan by 44.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 327,975 shares of the pipeline company’s stock worth $5,785,000 after acquiring an additional 100,400 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Kinder Morgan by 27.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,895 shares of the pipeline company’s stock valued at $422,000 after purchasing an additional 5,172 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Kinder Morgan in the fourth quarter worth $606,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the transaction, the president now directly owns 916,773 shares in the company, valued at $19,261,400.73. The disclosure for this sale can be found here. Insiders have sold a total of 148,311 shares of company stock valued at $3,121,891 in the last ninety days. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Price Performance

NYSE:KMI opened at $21.79 on Friday. The firm’s fifty day moving average price is $21.16 and its two-hundred day moving average price is $19.71. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The company has a market cap of $48.36 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.90 and a beta of 0.93. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.88.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.28%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMI. Truist Financial boosted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. UBS Group upped their target price on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Barclays increased their price objective on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.55.

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.