McGlone Suttner Wealth Management Inc. Has $265,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

McGlone Suttner Wealth Management Inc. raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,042 shares of the pipeline company’s stock after acquiring an additional 934 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Kinder Morgan were worth $265,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tucker Asset Management LLC bought a new stake in Kinder Morgan in the third quarter valued at $25,000. Hartford Financial Management Inc. bought a new stake in shares of Kinder Morgan during the third quarter worth $26,000. VitalStone Financial LLC grew its holdings in shares of Kinder Morgan by 1,451.0% during the second quarter. VitalStone Financial LLC now owns 1,551 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 1,451 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in shares of Kinder Morgan during the second quarter worth $29,000. Finally, OFI Invest Asset Management bought a new stake in shares of Kinder Morgan during the third quarter worth $33,000. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research analyst reports. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Trading Up 1.0 %

Kinder Morgan stock traded up $0.19 during mid-day trading on Thursday, hitting $18.34. The stock had a trading volume of 15,436,929 shares, compared to its average volume of 14,493,002. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.43. The stock has a 50-day simple moving average of $17.34 and a two-hundred day simple moving average of $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 stock has a market capitalization of $40.70 billion, a PE ratio of 17.14, a P/E/G ratio of 5.04 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share 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 company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the previous year, the company posted $0.31 EPS. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

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

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the sale, the vice president now owns 3,219 shares of the company’s stock, valued at $57,942. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 12.64% of the company’s stock.

Kinder Morgan 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.