Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,223 shares of the pipeline company’s stock after selling 16,300 shares during the quarter. Everett Harris & Co. CA’s holdings in Kinder Morgan were worth $3,161,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Fairfield Bush & CO. acquired a new position in Kinder Morgan during the first quarter worth $93,000. American Century Companies Inc. grew its position in shares of Kinder Morgan by 12.3% in the first quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock valued at $1,739,000 after purchasing an additional 10,079 shares during the period. Acadian Asset Management LLC grew its position in Kinder Morgan by 48,564.7% during the first quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock valued at $156,000 after acquiring an additional 8,256 shares during the period. Synovus Financial Corp grew its position in Kinder Morgan by 1.6% during the first quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock valued at $1,705,000 after acquiring an additional 1,408 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $263,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMI. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the transaction, the vice president now directly owns 3,219 shares of the company’s stock, valued at $57,942. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Trading Up 1.0 %

NYSE:KMI opened at $18.34 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.43. The business’s 50-day simple moving average is $17.34 and its 200 day simple moving average is $17.21. The stock has a market cap of $40.70 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 5.11 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) 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 firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the previous year, the company earned $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 predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

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

About Kinder Morgan

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.