Carson Advisory Inc. Reduces Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Carson Advisory Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 4.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 29,041 shares of the pipeline company’s stock after selling 1,343 shares during the quarter. Carson Advisory Inc.’s holdings in Kinder Morgan were worth $533,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. True Wealth Design LLC grew its holdings in Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $26,000. Tucker Asset Management LLC purchased a new stake in shares of Kinder Morgan in the third quarter worth approximately $25,000. Activest Wealth Management bought a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $30,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Kinder Morgan during the 1st quarter valued at $31,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.5 %

Shares of KMI traded up $0.11 during mid-day trading on Wednesday, hitting $20.10. The company’s stock had a trading volume of 9,646,318 shares, compared to its average volume of 13,625,820. 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 company’s 50-day moving average is $19.49 and its 200-day moving average is $18.34. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $20.19. The firm has a market capitalization of $44.60 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 3.14 and a beta of 0.93.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts forecast 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 given a dividend of $0.2875 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. 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 5.72%. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMI. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. UBS Group boosted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.00.

View Our Latest Stock Analysis on KMI

Insider Buying and Selling at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction 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 completion of the sale, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now directly 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 insiders.

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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