Beddow Capital Management Inc. Cuts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Beddow Capital Management Inc. decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 52.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,175 shares of the pipeline company’s stock after selling 41,525 shares during the period. Beddow Capital Management Inc.’s holdings in Kinder Morgan were worth $759,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Summit Trail Advisors LLC grew its holdings in shares of Kinder Morgan by 29.2% in the 2nd quarter. Summit Trail Advisors LLC now owns 25,261 shares of the pipeline company’s stock worth $502,000 after acquiring an additional 5,708 shares during the period. Sei Investments Co. raised its stake in shares of Kinder Morgan by 14.6% during the 2nd quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock worth $15,973,000 after buying an additional 102,447 shares during the last quarter. AE Wealth Management LLC raised its position in Kinder Morgan by 9.3% during the second quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock worth $932,000 after acquiring an additional 4,003 shares during the last quarter. King Luther Capital Management Corp grew its position in shares of Kinder Morgan by 3.7% in the second quarter. King Luther Capital Management Corp now owns 2,706,450 shares of the pipeline company’s stock valued at $53,777,000 after purchasing an additional 95,728 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Kinder Morgan by 147.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock worth $7,011,000 after purchasing an additional 210,341 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Truist Financial lifted their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price on the stock in a research report on Monday, September 16th. Barclays boosted their price target 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, UBS Group raised their price objective on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.55.

Kinder Morgan Stock Up 0.9 %

Shares of NYSE KMI opened at $21.79 on Friday. The stock has a fifty day moving average price of $21.16 and a 200 day moving average price of $19.71. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.88. The company has a market cap of $48.36 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.90 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.24 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.28%. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Activity

In related news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction dated 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 of the company’s stock, valued at $534,841.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Dax Sanders sold 1,729 shares of the company’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 transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the firm’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 value of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock worth $3,121,891 over the last ninety days. Corporate insiders own 12.64% of the company’s stock.

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.