CWA Asset Management Group LLC Sells 13,482 Shares of Kinder Morgan, Inc. (NYSE:KMI)

CWA Asset Management Group LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 22.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 45,532 shares of the pipeline company’s stock after selling 13,482 shares during the period. CWA Asset Management Group LLC’s holdings in Kinder Morgan were worth $803,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Kinder Morgan by 43.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,157,805 shares of the pipeline company’s stock worth $73,344,000 after purchasing an additional 1,262,484 shares in the last quarter. Steward Partners Investment Solutions LLC bought a new stake in Kinder Morgan during the 4th quarter worth about $405,000. Presima Securities ULC boosted its stake in shares of Kinder Morgan by 1.8% during the 4th quarter. Presima Securities ULC now owns 45,700 shares of the pipeline company’s stock worth $806,000 after buying an additional 800 shares during the last quarter. Boulder Hill Capital Management LP acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $9,972,000. Finally, Tradition Wealth Management LLC increased its position in shares of Kinder Morgan by 177.5% in the fourth quarter. Tradition Wealth Management LLC now owns 9,374 shares of the pipeline company’s stock valued at $165,000 after acquiring an additional 5,996 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $18.00 to $22.00 in a research report on Tuesday. Truist Financial reissued a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Finally, StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.50.

Read Our Latest Stock Analysis on KMI

Kinder Morgan Stock Performance

Shares of KMI traded up $0.03 during mid-day trading on Tuesday, reaching $19.53. The company’s stock had a trading volume of 5,610,555 shares, compared to its average volume of 13,689,949. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $19.93. The business has a 50-day simple moving average of $18.74 and a two-hundred day simple moving average of $17.91. The stock has a market cap of $43.34 billion, a P/E ratio of 17.73, a PEG ratio of 3.06 and a beta of 0.92.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 5.89%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is 104.55%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Michael C. Morgan sold 230,000 shares of the 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 directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was 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 disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

About Kinder Morgan

(Free Report)

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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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