Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 668,536 shares of the pipeline company’s stock after selling 4,465 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Kinder Morgan were worth $12,261,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Kinder Morgan by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock valued at $506,320,000 after acquiring an additional 317,980 shares in the last quarter. Norges Bank acquired a new position in Kinder Morgan in the 4th quarter valued at about $409,063,000. Morgan Stanley grew its position in Kinder Morgan by 4.1% in the 3rd quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after acquiring an additional 796,829 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Kinder Morgan by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock valued at $289,087,000 after acquiring an additional 2,309,550 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in Kinder Morgan by 1.9% in the 4th quarter. Clearbridge Investments LLC now owns 9,004,991 shares of the pipeline company’s stock valued at $158,807,000 after acquiring an additional 169,867 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Performance

Shares of KMI opened at $19.87 on Friday. The stock has a 50 day moving average price of $19.32 and a 200 day moving average price of $18.22. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $44.10 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $20.19.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting 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 analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders 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 5.79%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 104.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMI. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Truist Financial reissued a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $22.00 in a research report on Tuesday, June 4th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, UBS Group boosted 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. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently 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.