Lake Hills Wealth Management LLC Invests $590,000 in Kinder Morgan, Inc. $KMI

Lake Hills Wealth Management LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,452 shares of the pipeline company’s stock, valued at approximately $590,000. Kinder Morgan accounts for approximately 0.3% of Lake Hills Wealth Management LLC’s holdings, making the stock its 29th biggest holding.

Other large investors also recently bought and sold shares of the company. Sagespring Wealth Partners LLC boosted its position in Kinder Morgan by 1.6% during the fourth quarter. Sagespring Wealth Partners LLC now owns 26,503 shares of the pipeline company’s stock valued at $729,000 after purchasing an additional 405 shares in the last quarter. Precedent Wealth Partners LLC raised its holdings in Kinder Morgan by 4.0% in the fourth quarter. Precedent Wealth Partners LLC now owns 84,092 shares of the pipeline company’s stock worth $2,312,000 after purchasing an additional 3,197 shares in the last quarter. RDA Financial Network lifted its position in shares of Kinder Morgan by 2.1% during the fourth quarter. RDA Financial Network now owns 87,099 shares of the pipeline company’s stock valued at $2,394,000 after buying an additional 1,804 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Kinder Morgan by 148.2% during the fourth quarter. Avior Wealth Management LLC now owns 127,547 shares of the pipeline company’s stock valued at $3,506,000 after buying an additional 76,152 shares during the last quarter. Finally, Henson Edgewater Management LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $642,000. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In other news, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $33.30, for a total value of $51,615.00. Following the sale, the vice president owned 46,393 shares in the company, valued at $1,544,886.90. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total transaction of $255,600.00. Following the transaction, the vice president owned 100,146 shares of the company’s stock, valued at $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 48,048 shares of company stock valued at $1,469,863. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Trading Down 1.7%

Shares of NYSE:KMI opened at $32.88 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $34.24. The stock has a market cap of $73.15 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 3.08 and a beta of 0.68. The business has a 50-day moving average price of $31.31 and a 200-day moving average price of $28.58.

Kinder Morgan (NYSE:KMI) last issued its 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 return on equity of 9.02% and a net margin of 18.04%.The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on KMI. Scotiabank boosted their price objective on shares of Kinder Morgan from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Tuesday. UBS Group restated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “sector perform” rating in a report on Friday, February 27th. Morgan Stanley increased their price objective on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Finally, TD Cowen raised their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $33.46.

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.