Vestmark Advisory Solutions Inc. Has $2.25 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Posted by Defense World Staff on Apr 1st, 2023

Vestmark Advisory Solutions Inc. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI – Get Rating) by 22.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 124,657 shares of the pipeline company’s stock after acquiring an additional 23,215 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Kinder Morgan were worth $2,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hedeker Wealth LLC boosted its stake in shares of Kinder Morgan by 58.1% in the 4th quarter. Hedeker Wealth LLC now owns 167,433 shares of the pipeline company’s stock valued at $3,027,000 after purchasing an additional 61,548 shares during the last quarter. Griffin Asset Management Inc. raised its holdings in shares of Kinder Morgan by 13.8% in the fourth quarter. Griffin Asset Management Inc. now owns 106,534 shares of the pipeline company’s stock valued at $1,926,000 after purchasing an additional 12,902 shares during the last quarter. HB Wealth Management LLC purchased a new stake in Kinder Morgan during the fourth quarter worth about $556,000. Royal Fund Management LLC increased its holdings in Kinder Morgan by 7.9% during the fourth quarter. Royal Fund Management LLC now owns 48,312 shares of the pipeline company’s stock worth $873,000 after buying an additional 3,532 shares during the last quarter. Finally, V Wealth Advisors LLC increased its holdings in Kinder Morgan by 8.6% during the fourth quarter. V Wealth Advisors LLC now owns 12,372 shares of the pipeline company’s stock worth $224,000 after buying an additional 977 shares during the last quarter. 60.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Kinder Morgan in a report on Thursday, March 16th. They set a “hold” rating for the company. Morgan Stanley raised their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Monday, January 9th. Citigroup started coverage on shares of Kinder Morgan in a report on Thursday, December 8th. They set a “neutral” rating and a $19.00 price objective for the company. Scotiabank started coverage on shares of Kinder Morgan in a research report on Thursday, March 2nd. They set a “sector perform” rating and a $20.00 target price for the company. Finally, Sanford C. Bernstein upgraded shares of Kinder Morgan from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $19.00 to $22.00 in a research report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.55.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $18.44, for a total transaction of $27,660.00. Following the completion of the sale, the vice president now directly owns 19,719 shares in the company, valued at $363,618.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Kinder Morgan news, VP John W. Schlosser sold 1,500 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $18.44, for a total transaction of $27,660.00. Following the completion of the sale, the vice president now directly owns 19,719 shares in the company, valued at $363,618.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Anthony B. Ashley sold 13,232 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $18.14, for a total transaction of $240,028.48. Following the sale, the vice president now owns 27,826 shares of the company’s stock, valued at $504,763.64. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by company insiders.

Kinder Morgan Price Performance

KMI stock opened at $17.51 on Friday. The firm has a 50 day moving average of $17.58 and a 200-day moving average of $17.85. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a 12 month low of $15.77 and a 12 month high of $20.20. The firm has a market capitalization of $39.36 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 5.21 and a beta of 0.95.

Kinder Morgan (NYSE:KMI – Get Rating) last released its quarterly earnings data on Wednesday, January 18th. The pipeline company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. Kinder Morgan had a net margin of 13.27% and a return on equity of 8.26%. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the business earned $0.27 earnings per share. Kinder Morgan’s revenue was up 3.5% compared to the same quarter last year. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.1 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st were given a $0.2775 dividend. The ex-dividend date was Monday, January 30th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.34%. Kinder Morgan’s dividend payout ratio (DPR) is currently 99.11%.

Kinder Morgan declared that its board has approved a stock repurchase program on Wednesday, January 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the pipeline company to purchase up to 2.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

About Kinder Morgan

(Get Rating)

Kinder Morgan, Inc engages in providing pipeline transportation of natural gas services. It operates through the following business segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment operates major interstate and intrastate natural gas pipelines and storage systems.