Wealthspire Advisors LLC Cuts Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Wealthspire Advisors LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 75.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,962 shares of the pipeline company’s stock after selling 37,419 shares during the quarter. Wealthspire Advisors LLC’s holdings in Kinder Morgan were worth $218,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in KMI. Harbour Investments Inc. purchased a new position in shares of Kinder Morgan in the first quarter valued at $25,000. BerganKDV Wealth Management LLC boosted its stake in Kinder Morgan by 901.2% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 1,652 shares of the pipeline company’s stock worth $30,000 after buying an additional 1,487 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Kinder Morgan by 64.9% in the 1st quarter. Loomis Sayles & Co. L P now owns 1,707 shares of the pipeline company’s stock valued at $28,000 after purchasing an additional 672 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Kinder Morgan by 368.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,721 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 1,354 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Kinder Morgan by 132.4% in the 2nd quarter. Jones Financial Companies Lllp now owns 1,901 shares of the pipeline company’s stock valued at $35,000 after purchasing an additional 1,083 shares in the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Shares of Kinder Morgan stock opened at $17.97 on Thursday. The stock’s fifty day moving average is $16.61 and its 200-day moving average is $17.38. The firm has a market capitalization of $40.73 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 4.09 and a beta of 1.12. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.00. Kinder Morgan, Inc. has a 12-month low of $11.45 and a 12-month high of $19.29.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Tuesday, July 20th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $2.90 billion. Kinder Morgan had a return on equity of 9.34% and a net margin of 11.91%. Kinder Morgan’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Analysts expect that Kinder Morgan, Inc. will post 1.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Monday, August 2nd were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 6.01%. The ex-dividend date was Friday, July 30th. Kinder Morgan’s payout ratio is 122.73%.

In related news, VP Thomas A. Martin sold 66,607 shares of the company’s stock in a transaction on Friday, August 6th. The stock was sold at an average price of $17.08, for a total transaction of $1,137,647.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 4,500 shares of the company’s stock in a transaction on Tuesday, October 12th. The shares were sold at an average price of $18.00, for a total value of $81,000.00. The disclosure for this sale can be found here. 14.22% of the stock is currently owned by insiders.

Several research firms have issued reports on KMI. Piper Sandler lifted their price objective on Kinder Morgan from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, June 17th. Bank of America began coverage on Kinder Morgan in a research report on Tuesday, September 28th. They set a “neutral” rating for the company. Finally, Mizuho boosted their price objective on Kinder Morgan from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, July 22nd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and a consensus price target of $16.93.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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