Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Trimmed by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,481,704 shares of the pipeline company’s stock after selling 202,454 shares during the quarter. Ensign Peak Advisors Inc owned 0.52% of Kinder Morgan worth $228,141,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Summit Trail Advisors LLC increased its stake in Kinder Morgan by 29.2% during the second quarter. Summit Trail Advisors LLC now owns 25,261 shares of the pipeline company’s stock valued at $502,000 after purchasing an additional 5,708 shares during the last quarter. Sei Investments Co. grew its position 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 valued at $15,973,000 after buying an additional 102,447 shares during the last quarter. AE Wealth Management LLC boosted its stake in Kinder Morgan by 9.3% in the second quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock valued at $932,000 after acquiring an additional 4,003 shares during the period. King Luther Capital Management Corp boosted its stake in 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 acquiring an additional 95,728 shares during the period. 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 period. 62.52% of the stock is currently owned by institutional investors.

Insider Transactions at Kinder Morgan

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 19th. Truist Financial upped their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Barclays lifted their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, September 13th. UBS Group boosted their target price on shares of Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada raised their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $22.55.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $21.79 on Friday. The stock’s fifty day simple moving average is $21.16 and its 200-day simple moving average is $19.71. The company has a market capitalization of $48.36 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 2.90 and a beta of 0.93. 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 1-year low of $15.89 and a 1-year high of $21.88.

Kinder Morgan (NYSE:KMI) last released its 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). The business had revenue of $3.57 billion for 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 company’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. On average, sell-side analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

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

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.