UMB Bank n.a. Decreases Position in Kinder Morgan, Inc. (NYSE:KMI)

UMB Bank n.a. cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,826 shares of the pipeline company’s stock after selling 2,158 shares during the quarter. UMB Bank n.a.’s holdings in Kinder Morgan were worth $2,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Premier Path Wealth Partners LLC grew its stake in shares of Kinder Morgan by 1.4% in the second quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock worth $785,000 after acquiring an additional 545 shares during the period. Newman Dignan & Sheerar Inc. grew its position in Kinder Morgan by 4.3% during the first quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock valued at $242,000 after buying an additional 547 shares during the period. First Horizon Advisors Inc. grew its position in Kinder Morgan by 4.4% during the second quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock valued at $267,000 after buying an additional 566 shares during the period. Simplicity Wealth LLC grew its position in Kinder Morgan by 2.2% during the second quarter. Simplicity Wealth LLC now owns 27,478 shares of the pipeline company’s stock valued at $546,000 after buying an additional 586 shares during the period. Finally, Mutual Advisors LLC grew its position in Kinder Morgan by 0.7% during the first quarter. Mutual Advisors LLC now owns 90,237 shares of the pipeline company’s stock valued at $1,655,000 after buying an additional 597 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMI has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday. Barclays boosted their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Truist Financial boosted their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, Royal Bank of Canada upped their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

Kinder Morgan Price Performance

Kinder Morgan stock traded up $0.15 during mid-day trading on Friday, reaching $21.57. 26,107,044 shares of the company’s stock traded hands, compared to its average volume of 13,968,380. The company has a market cap of $47.87 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.92 and a beta of 0.93. The stock has a 50 day moving average of $20.70 and a two-hundred day moving average of $19.24. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. Kinder Morgan’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

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.