Bradley Foster & Sargent Inc. CT Reduces Position in Kinder Morgan, Inc. (NYSE:KMI)

Bradley Foster & Sargent Inc. CT cut its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336,836 shares of the pipeline company’s stock after selling 5,666 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Kinder Morgan were worth $6,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of KMI. Oregon Public Employees Retirement Fund boosted its holdings in shares of Kinder Morgan by 0.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock valued at $3,295,000 after buying an additional 530 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in shares of Kinder Morgan by 1.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock valued at $785,000 after buying an additional 545 shares in the last quarter. Newman Dignan & Sheerar Inc. boosted its holdings in shares of Kinder Morgan by 4.3% in the 1st 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 in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Kinder Morgan by 4.4% in the 2nd 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 in the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in shares of Kinder Morgan by 2.2% in the 2nd 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 in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.3 %

KMI stock opened at $21.62 on Thursday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86. The stock has a market capitalization of $47.98 billion, a PE ratio of 19.65, a price-to-earnings-growth 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. The company has a fifty day moving average of $21.10 and a 200-day moving average of $19.67.

Kinder Morgan (NYSE:KMI) last announced 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 company had revenue of $3.57 billion during 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%. 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 business earned $0.24 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

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

Insider Activity

In other news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction dated Wednesday, July 24th. The shares were 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the president now directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock worth $3,121,891 in the last 90 days. 12.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KMI has been the subject of several research analyst reports. Truist Financial upped their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a report on Friday, July 26th. 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 note on Wednesday, September 11th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price target for the company in a research note on Monday. Finally, Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Hold” and a consensus price target of $22.55.

Kinder Morgan 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.