Teamwork Financial Advisors LLC Decreases Position in Kinder Morgan, Inc. (NYSE:KMI)

Teamwork Financial Advisors LLC lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,021 shares of the pipeline company’s stock after selling 4,572 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Kinder Morgan were worth $1,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. grew its holdings in Kinder Morgan by 741.4% in the 3rd quarter. Federated Hermes Inc. now owns 76,395 shares of the pipeline company’s stock valued at $1,267,000 after buying an additional 67,315 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Kinder Morgan by 2.7% in the third quarter. Truist Financial Corp now owns 1,685,551 shares of the pipeline company’s stock valued at $27,946,000 after purchasing an additional 43,934 shares during the period. Axxcess Wealth Management LLC increased its position in Kinder Morgan by 113.9% during the third quarter. Axxcess Wealth Management LLC now owns 114,466 shares of the pipeline company’s stock worth $1,898,000 after purchasing an additional 60,959 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Kinder Morgan by 19.2% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,627,354 shares of the pipeline company’s stock worth $26,982,000 after purchasing an additional 262,300 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in Kinder Morgan by 0.3% in the 3rd quarter. Evergreen Capital Management LLC now owns 539,647 shares of the pipeline company’s stock valued at $8,947,000 after purchasing an additional 1,387 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.2 %

KMI traded up $0.24 during trading hours on Thursday, hitting $19.96. 11,016,115 shares of the company’s stock were exchanged, compared to its average volume of 12,767,919. The firm has a market cap of $44.30 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 3.11 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $20.19. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $19.38 and a 200 day moving average of $18.27.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.76%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Insider Activity at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the transaction, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The disclosure for this sale can be found here. 12.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. UBS Group raised their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, 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, March 25th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $21.00.

Kinder Morgan Company 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.