Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by FLC Capital Advisors

FLC Capital Advisors trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,218 shares of the pipeline company’s stock after selling 2,100 shares during the quarter. FLC Capital Advisors’ holdings in Kinder Morgan were worth $410,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KMI. Tucker Asset Management LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth $25,000. Hartford Financial Management Inc. acquired a new position in shares of Kinder Morgan during the 3rd quarter worth about $26,000. VitalStone Financial LLC increased its holdings in shares of Kinder Morgan by 1,451.0% in the 2nd quarter. VitalStone Financial LLC now owns 1,551 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 1,451 shares during the last quarter. First Capital Advisors Group LLC. acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth about $29,000. Finally, OFI Invest Asset Management acquired a new position in Kinder Morgan in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.25 during mid-day trading on Wednesday, reaching $18.17. 8,698,525 shares of the company’s stock were exchanged, compared to its average volume of 14,476,396. The business’s fifty day simple moving average is $17.33 and its 200-day simple moving average is $17.20. The stock has a market capitalization of $40.31 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 5.03 and a beta of 0.90. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a $0.2825 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.13 annualized dividend and a dividend yield of 6.22%. Kinder Morgan’s dividend payout ratio (DPR) is currently 105.61%.

Analysts Set New Price Targets

A number of analysts have weighed in on KMI shares. Truist Financial reissued a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.20.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 7,500 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total value of $135,000.00. Following the completion of the sale, the vice president now owns 3,219 shares in the company, valued at approximately $57,942. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.64% of the company’s stock.

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.