Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 40.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,123,100 shares of the pipeline company’s stock after selling 1,468,611 shares during the quarter. Westwood Holdings Group Inc. owned about 0.10% of Kinder Morgan worth $42,186,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of KMI. Gilbert & Cook Inc. lifted its position in shares of Kinder Morgan by 2.2% during the fourth quarter. Gilbert & Cook Inc. now owns 31,525 shares of the pipeline company’s stock worth $556,000 after purchasing an additional 682 shares in the last quarter. SCP Investment LP acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $413,000. PNC Financial Services Group Inc. lifted its stake in shares of Kinder Morgan by 44.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 327,975 shares of the pipeline company’s stock worth $5,785,000 after acquiring an additional 100,400 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Kinder Morgan by 27.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 23,895 shares of the pipeline company’s stock valued at $422,000 after purchasing an additional 5,172 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $606,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on KMI shares. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Truist Financial boosted their price target on Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Argus raised shares of 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. Finally, Barclays lifted their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.55.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $21.79 on Friday. The stock 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. The firm’s 50-day simple moving average is $21.16 and its 200 day simple moving average is $19.71. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $21.88. 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 (NYSE:KMI) last released its quarterly earnings results 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 return on equity of 7.89% and a net margin of 15.93%. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend. 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 is presently 104.55%.

Insider Activity at Kinder Morgan

In other news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were 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 owns 307,409 shares in the company, valued at approximately $6,455,589. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan 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 of the company’s stock, valued at approximately $6,455,589. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction dated 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 transaction, the president now owns 916,773 shares of the company’s stock, valued at $19,261,400.73. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock valued at $3,121,891 over the last 90 days. 12.64% of the stock is currently owned by corporate insiders.

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.