Kinder Morgan, Inc. (NYSE:KMI) Stock Position Decreased by American International Group Inc.

American International Group Inc. decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 489,799 shares of the pipeline company’s stock after selling 1,394 shares during the period. American International Group Inc.’s holdings in Kinder Morgan were worth $8,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC lifted its stake in shares of Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,389 shares during the period. Altshuler Shaham Ltd acquired a new position in Kinder Morgan in the 4th quarter valued at approximately $26,000. Activest Wealth Management acquired a new position in Kinder Morgan in the 4th quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new position in Kinder Morgan in the 1st quarter valued at approximately $31,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kinder Morgan during the 1st quarter worth $31,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.5 %

Shares of NYSE:KMI traded up $0.10 during trading on Thursday, hitting $21.15. 9,312,127 shares of the company’s stock were exchanged, compared to its average volume of 14,131,048. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $21.86. The firm has a 50-day moving average price of $19.90 and a two-hundred day moving average price of $18.57. The company has a current ratio of 0.37, a quick ratio of 0.38 and a debt-to-equity ratio of 0.90. The firm has a market cap of $46.94 billion, a P/E ratio of 19.10, a PEG ratio of 3.28 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

Insider Buying and Selling

In related news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent analyst reports. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 19th. Scotiabank raised their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, UBS Group increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $22.00.

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.