Jaffetilchin Investment Partners LLC Takes Position in Kinder Morgan, Inc. $KMI

Jaffetilchin Investment Partners LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,147 shares of the pipeline company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Equity Partners boosted its position in Kinder Morgan by 2.2% during the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock worth $485,000 after acquiring an additional 368 shares during the period. Fiduciary Financial Group LLC increased its holdings in shares of Kinder Morgan by 2.6% in the 3rd quarter. Fiduciary Financial Group LLC now owns 15,439 shares of the pipeline company’s stock valued at $437,000 after purchasing an additional 392 shares during the period. L2 Asset Management LLC increased its holdings in shares of Kinder Morgan by 4.8% in the 2nd quarter. L2 Asset Management LLC now owns 8,689 shares of the pipeline company’s stock valued at $255,000 after purchasing an additional 401 shares during the period. Tradewinds Capital Management LLC lifted its position 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 purchasing an additional 401 shares in the last quarter. Finally, Ascent Group LLC lifted its position in shares of Kinder Morgan by 3.5% in the third quarter. Ascent Group LLC now owns 11,935 shares of the pipeline company’s stock worth $338,000 after purchasing an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 1.9%

Shares of NYSE KMI opened at $32.91 on Thursday. The business has a 50 day simple moving average of $32.28 and a 200 day simple moving average of $28.97. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $34.73. The stock has a market cap of $73.21 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 3.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on KMI. Truist Financial began coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective on the stock. Scotiabank increased their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Citigroup lifted their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday. Royal Bank Of Canada boosted their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday. Finally, Mizuho upped their price target on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Eight equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.33.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $33.30, for a total transaction of $51,615.00. Following the transaction, the vice president directly owned 46,393 shares in the company, valued at $1,544,886.90. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $33.67, for a total value of $207,609.22. Following the completion of the sale, the vice president directly owned 188,872 shares of the company’s stock, valued at $6,359,320.24. This represents a 3.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,048 shares of company stock worth $1,469,863 in the last 90 days. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Profile

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.