Riverview Capital Advisers LLC Has $4.72 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Riverview Capital Advisers LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 237,767 shares of the pipeline company’s stock after selling 2,507 shares during the quarter. Kinder Morgan makes up approximately 1.6% of Riverview Capital Advisers LLC’s portfolio, making the stock its 18th biggest position. Riverview Capital Advisers LLC’s holdings in Kinder Morgan were worth $4,724,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. True Wealth Design LLC boosted 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 valued at $25,000 after purchasing an additional 1,389 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan during the 1st quarter valued at about $30,000. OFI Invest Asset Management bought a new stake in Kinder Morgan in the first quarter worth approximately $31,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at $31,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $21.62 on Thursday. The business’s fifty day moving average is $21.10 and its 200 day moving average is $19.67. The firm has a market cap of $47.98 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $21.86.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. Research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.32%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KMI shares. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Royal Bank of Canada increased their price target on Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Barclays upped their target price on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Finally, Truist Financial lifted their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.55.

Insider Activity

In related news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the transaction, the president now directly owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was 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 of the company’s stock, valued at $6,455,589. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,311 shares of company stock worth $3,121,891. 12.64% of the stock is currently owned by insiders.

About Kinder Morgan

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.