Kinder Morgan, Inc. $KMI Shares Sold by Private Wealth Partners LLC

Private Wealth Partners LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,790 shares of the pipeline company’s stock after selling 25,300 shares during the period. Private Wealth Partners LLC’s holdings in Kinder Morgan were worth $7,169,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KMI. AQR Capital Management LLC increased its position in Kinder Morgan by 431.9% in the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock valued at $185,971,000 after acquiring an additional 5,333,986 shares during the period. Merewether Investment Management LP acquired a new position in Kinder Morgan in the 2nd quarter valued at about $138,477,000. Zimmer Partners LP increased its position in Kinder Morgan by 177.8% during the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after purchasing an additional 3,885,000 shares during the period. Holocene Advisors LP acquired a new position in Kinder Morgan during the 3rd quarter worth approximately $77,662,000. Finally, Amundi increased its position in Kinder Morgan by 21.1% during the 3rd quarter. Amundi now owns 11,882,500 shares of the pipeline company’s stock worth $331,878,000 after purchasing an additional 2,069,960 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $31.97 on Tuesday. The business’s 50 day moving average is $32.90 and its 200-day moving average is $29.40. The stock has a market cap of $71.13 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 2.92 and a beta of 0.64. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $25.42 and a twelve month high of $34.73.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts predict that Kinder Morgan, Inc. will post 1.4 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.7%. Kinder Morgan’s payout ratio is presently 85.40%.

Analyst Ratings Changes

Several equities analysts have issued reports on KMI shares. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Morgan Stanley boosted their price target on Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Jefferies Financial Group upped their target price on Kinder Morgan from $31.00 to $36.00 and gave the company a “hold” rating in a research note on Tuesday, March 24th. Truist Financial assumed coverage on Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target on the stock. Finally, Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.33.

Insider Activity

In related news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $31.72, for a total transaction of $49,166.00. Following the sale, the vice president owned 44,843 shares of the company’s stock, valued at $1,422,419.96. The trade was a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William A. Smith bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the acquisition, the director owned 31,087 shares of the company’s stock, valued at $924,838.25. This represents a 10.68% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 49,598 shares of company stock valued at $1,552,572 over the last 90 days. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.