Evergreen Capital Management LLC Sells 10,415 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Evergreen Capital Management LLC cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 537,263 shares of the pipeline company’s stock after selling 10,415 shares during the period. Evergreen Capital Management LLC’s holdings in Kinder Morgan were worth $10,675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Confluence Investment Management LLC bought a new position in Kinder Morgan during the 1st quarter valued at about $87,627,000. Castle Hook Partners LP boosted its holdings in shares of Kinder Morgan by 108.2% during the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after acquiring an additional 4,053,793 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its stake in shares of Kinder Morgan by 45.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after acquiring an additional 3,135,457 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in shares of Kinder Morgan by 23.6% during the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after purchasing an additional 2,125,648 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.9 %

Shares of KMI stock opened at $21.79 on Monday. The stock has a market cap of $48.36 billion, a P/E ratio of 19.81, a PEG ratio of 2.90 and a beta of 0.93. The company’s fifty day simple moving average is $21.16 and its two-hundred day simple moving average is $19.74. 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 52 week low of $15.89 and a 52 week high of $21.88.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is 104.55%.

Insider Activity at Kinder Morgan

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Scotiabank upped their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. UBS Group increased their price target on shares of Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 19th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.55.

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.