Future Financial Wealth Managment LLC Cuts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Future Financial Wealth Managment LLC cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 28.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,509 shares of the pipeline company’s stock after selling 5,066 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in Kinder Morgan were worth $276,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its stake in shares of Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan during the first quarter valued at about $30,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the second quarter valued at about $30,000. OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan during the first quarter valued at about $31,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the first quarter valued at about $31,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $23.32 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The stock has a 50 day simple moving average of $21.52 and a 200-day simple moving average of $20.14. The company has a market cap of $51.76 billion, a PE ratio of 21.20, a P/E/G ratio of 3.09 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $15.91 and a 12-month high of $23.83.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter last year, the company posted $0.24 EPS. Kinder Morgan’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.93%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays raised their target price on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, July 19th. Scotiabank lifted their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. 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 research note on Friday, July 26th. Eight equities research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.80.

Insider Activity

In other news, VP Dax Sanders sold 1,729 shares of the stock in a transaction 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 in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. 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. Insiders own 12.64% of the company’s stock.

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.