Cyndeo Wealth Partners LLC Buys 15,212 Shares of Kinder Morgan, Inc. $KMI

Cyndeo Wealth Partners LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,598 shares of the pipeline company’s stock after acquiring an additional 15,212 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Kinder Morgan were worth $8,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of KMI. Board of the Pension Protection Fund bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. Strategic Advocates LLC bought a new position in Kinder Morgan in the 3rd quarter worth approximately $32,000. CoreFirst Bank & Trust bought a new position in Kinder Morgan in the 2nd quarter worth approximately $35,000. Private Wealth Management Group LLC lifted its holdings in Kinder Morgan by 94.9% during the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after buying an additional 595 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in Kinder Morgan by 314.6% during the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock worth $38,000 after buying an additional 1,032 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.30, for a total transaction of $51,615.00. Following the transaction, the vice president owned 46,393 shares of the company’s stock, valued at $1,544,886.90. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William A. Smith acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average price of $29.75 per share, with a total value of $89,250.00. Following the acquisition, the director owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 48,048 shares of company stock worth $1,469,863. 12.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. Morgan Stanley raised their price target on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Finally, Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.46.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $32.88 on Friday. The firm has a fifty day moving average of $31.31 and a two-hundred day moving average of $28.59. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The stock has a market capitalization of $73.15 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 3.03 and a beta of 0.68. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $34.24.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, February 2nd. Kinder Morgan’s payout ratio is presently 85.40%.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.