U.S. Capital Wealth Advisors LLC Reduces Position in Kinder Morgan, Inc. $KMI

by · The Cerbat Gem

U.S. Capital Wealth Advisors LLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 876,731 shares of the pipeline company’s stock after selling 39,332 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Kinder Morgan were worth $24,101,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Personal CFO Solutions LLC lifted its holdings in shares of Kinder Morgan by 4.5% in the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock worth $217,000 after buying an additional 340 shares in the last quarter. Golden State Equity Partners lifted its holdings in shares of Kinder Morgan by 2.2% in the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after buying an additional 368 shares in the last quarter. Red Door Wealth Management LLC lifted its holdings in shares of Kinder Morgan by 2.2% in the fourth quarter. Red Door Wealth Management LLC now owns 17,772 shares of the pipeline company’s stock worth $489,000 after buying an additional 389 shares in the last quarter. Fiduciary Financial Group LLC lifted its holdings in shares of Kinder Morgan by 2.6% in the third quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock worth $437,000 after buying an additional 392 shares in the last quarter. Finally, Tradewinds Capital Management LLC lifted its holdings in shares of Kinder Morgan by 11.1% in the third quarter. Tradewinds Capital Management LLC now owns 4,013 shares of the pipeline company’s stock worth $114,000 after buying an additional 401 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other news, VP Anthony B. Ashley sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the transaction, the vice president owned 100,146 shares in the company, valued at approximately $3,199,664.70. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William A. Smith bought 3,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was purchased at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the acquisition, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. The trade was a 10.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 48,048 shares of company stock valued at $1,503,406. 12.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Kinder Morgan from $31.00 to $36.00 and gave the company a “hold” rating in a research note on Tuesday, March 24th. Morgan Stanley raised their target price on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. TD Cowen raised their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Scotiabank raised their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research note on Thursday, March 26th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.33.

Get Our Latest Report on Kinder Morgan

Kinder Morgan Stock Down 0.8%

Shares of NYSE KMI opened at $32.71 on Friday. Kinder Morgan, Inc. has a one year low of $25.42 and a one year high of $34.73. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The firm’s 50 day simple moving average is $32.72 and its two-hundred day simple moving average is $29.24. The stock has a market capitalization of $72.77 billion, a P/E ratio of 23.87, a PEG ratio of 2.98 and a beta of 0.64.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Kinder Morgan Company Profile

(Free Report)

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.

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